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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.
It seems like the rally of the greenback has ended. On Monday, the US dollar index was below $93.50. Tuesday’s attempts to recover are not successful. The index is below $93.40. No important economic data will be released today.
This economic indicator is highly important for the Bank of England’s monetary policy because it is used as the central bank’s inflation target.
The weekly indicator of consumer confidence from ANZ rallied by 0…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…
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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