In October, American consumer prices managed to jump by the most for 9 months against the backdrop of profits in the cost of gasoline as well as rents, thus indicating steadily soaring inflation, which will probably keep the key US bank on track to have…
Japan business mood improves as revival broadens
Japanese big manufacturers' business confidence definitely improved for a second straight quarter to reach a one-and-a-half year peak in March, as a closely watched central bank poll revealed. That’s a sing that the benefits of an export-driven economic revival were broadening.
Service-sector sentiment surged for the first time in six quarters and companies remained upbeat on their capital expenditure plans, as the Bank of Japan's "tankan" poll disclosed, thus giving a hope that the economic revival will gain momentum in coming months.
While separate PMI data highlighted a moderate slowdown in manufacturing activity in March, the positive tankan backs a dominant market view that the major bank's next policy move would be to tame rather than expand its monetary stimulus.
Additionally, the headline index, assessing big manufacturers' business sentiment added to +12 in March from +10 three months ago, as the tankan revealed on Monday.
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