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Home Japanese business sentiment hits two-year high
Japanese business sentiment hits two-year high
Tankan index for big manufacturers suggests country will grow in 2021 as global economy recovers
World Economy News
2 Jul 2021 • 2 min read
Sentiment among large Japanese manufacturers has risen to its strongest level since the final quarter of 2018 as the global economy rebounds from the coronavirus pandemic.
The Bank of Japan’s Tankan index rose from plus 5 to plus 14 in the second quarter of the year, slightly below analyst expectations of plus 15, signalling a robust expansion in output.
But sentiment in the services sector was disappointing, with the index rising from minus 1 to plus 1 as Japan experienced a wave of Covid-19 cases that triggered a state of emergency in large cities.