Japanese business sentiment ticks up


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Financial Times
Breaking news
Monday April 01 2013

Breaking News
 
Japanese business sentiment ticks up
The mood among Japan's biggest companies has brightened three months after prime minister Shinzo Abe went all out to reflate the world's third-largest economy.

The Bank of Japan's quarterly Tankan report, released on Monday, showed that the key measure of business confidence among large manufacturers rose to minus 8 from minus 12 in December, as a weaker yen improves the outlook for profits.

Sentiment was better among large non-manufacturers too, with the headline "diffusion index" rising to 6, from 4 in December. The index is calculated by subtracting the percentage of firms saying business conditions are bad from those saying they are good.

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