Non-Manufacturing companies also expressed optimism and plan to expand capital investment in the next year.
July 2, 2017
‘Business confidence among Japan’s large manufacturers strengthened to its highest level in more than three years in the second quarter, according to a central bank survey, as a pickup in the global economy and renewed strength in stocks brightened the outlook for corporate Japan.
The main index measuring large manufacturers’ confidence rose to plus 17 in the April-June period from plus 12 previously, according to the Bank of Japan’s quarterly tankan survey.’