Japan big manufacturers' confidence improves to 24 in Sept. from 22: BOJ
TOKYO (Kyodo) -- Business confidence among major Japanese manufacturers rose to 24 in September from 22 three months earlier, marking the sixth consec
Japanese manufacturers' business confidence improved to 24 in September, up from 22 three months prior, according to the Bank of Japan's Tankan survey. This indicates the sixth consecutive quarter of improvement for this key economic indicator. The sentiment survey, which measures confidence among major companies in sectors such as auto and electronics, fell short of the average market forecast of 26 in a Kyodo News calculation.
Analysts predict the index will decline to 21 within the next three months. Meanwhile, the index for large nonmanufacturers, encompassing the service sector, dropped from 37 in June to 35 in the most recent survey. Economists anticipate this figure to worsen further to 30 within three months. The Tankan index is calculated as the percentage of companies reporting favorable conditions minus those reporting unfavorable ones.
Japanese businesses anticipate the U.S. dollar to strengthen to 154.23 yen in fiscal 2026, compared to 152.57 yen in the previous survey conducted in June.
Written by urgent.news from The Mainichi's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
