Japan big manufacturers' mood surges during October-December period

Japan big manufacturers' mood surges during October-December period

In the October-December quarter large Japanese manufacturers became more optimistic as for economic conditions, as a government poll disclosed on Monday, which is in another positive sign for the Japanese economy on a record run of surge.

The business survey index of sentiment at large manufacturers kept to +9.7, gaining from +9.4 in July-September, as follows from the joint poll by the Ministry of Finance and the Economic and Social Research Institute.

The market mood was improved by a weaker yen as well as a 12% leap in the Nikkei 225 stock average since last survey period. Meanwhile, sales and revenues gained driven by car manufacturers and producers of electronic parts for smartphones.

The outcomes emerged before the BOJ’s "tankan" poll of corporate sentiment expected on Friday. It’s believed to demonstrate confidence among leading producers at its highest value in more than a decade.



Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

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