Big Japanese manufacturers demonstrate more confidence in the country’s business conditions compared to a decade ago because a weak yen as well as robust global demand spur the economic recovery, as a closely watched key bank survey disclosed on Monday.
In a sign the revival was extending, small manufacturers' business confidence also reached a decade-maximum, while the ratio of companies complaining of labor shortages hit a 25-year peak, as the Bank of Japan's "tankan" quarterly poll states.
The positive data could help premier Shinzo Abe as the statesman tries to persuade Japanese voters in an October 22 election that his ambitious "Abenomics" stimulus policies have drastically improved their livelihoods.
It also underpins BOJ policymakers' hopes that a sustained economic revival will spur wages as well as household spending, although many financial experts expect inflation to stay distant from the key bank's 2% objective.
In June, inflation in Great Britain tacked on at a slower than anticipated tempo, thus contributing to the major bank’s dilemma as it considers whether to have interest rates lifted next month or not…
The US dollar index managed to break the psychological level at $95.
In June, American industrial output ascended, underpinned by a steep rebound in manufacturing as well as further revenues in mining output…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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