Japan's Corporate Confidence Rebounds on AI and Tourism Demand
Business sentiment among Japan's large companies returned to positive territory in the July-September quarter for the first time in two quarters, supported by growing demand for semiconductor manufacturing equipment and AI data centers as well as improving conditions in hospitality, restaurants and finance. (News On Japan)
Business sentiment among Japan's large companies rebounded in the July-September quarter for the first time in two quarters, according to a Business Outlook Survey by the Finance Ministry and Cabinet Office. The business sentiment index for large companies across all industries rose to plus 5.3. The index for large manufacturers was particularly strong, at plus 7.6, driven by increased demand for semiconductor manufacturing equipment and AI data centers.
Hotels and restaurants also saw a boost in business, while financial institutions experienced improved earnings due to rising lending rates. Experts predict the improving trend in business sentiment will continue, with the index forecast to reach plus 6.0 in the October-December quarter.
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