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Japan Inc. keeps its confidence Confidence at major Japanese companies remained the same as three months ago, a closely watched Bank of Japan survey showed July 2, possibly reinforcing expectations that the central bank will raise interest rates in August. The quarterly ''tankan'' survey, which polls more than 10,000 companies nationwide, showed that the sentiment index for large manufacturers stood at 23, unchanged from the previous survey in March. A similar index for large nonmanufacturers was unchanged at 22. The indexes subtract the percentage of companies saying business conditions are bad from the percentage of those saying they are good, so the higher the number, the greater the portion of optimistic companies. Both results matched forecasts.
The Japan Times Weekly: July 7, 2007 |
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