Japan

Japan’s weather improves, but global tension clouds outlook – Reuters Tankan

Confidence among Japanese trading firms improved for the first time since August, while sentiment in the sector improved for a second month, according to the Reuters Tankan poll, which also highlighted a challenging outlook amid an asymmetric economic recovery. A similar improvement was seen in the third quarter in the Bank of Japan’s (BOJ) closely watched quarterly Tankan survey. However, the latest Reuters Tankan points to a difficult quarter, even though confidence rebounded in November, and confidence among automakers is expected to rise. It will remain stable for the next 3 months as confidence in the sector deteriorates.

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