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A key quarterly survey of Japanese businesses showed on Tuesday no significant change in confidence levels among the country’s biggest manufacturers, while large non-manufacturers were slightly more upbeat.
The Bank of Japan’s Tankan survey reports the difference between the percentage of firms that see current business conditions as favorable and those that do not.
A positive figure means more businesses are optimistic. Tuesday’s headline reading among large manufacturers was plus 13, unchanged from three months earlier.
It beat market expectations of plus 12 and followed a modest uptick in the previous quarter to 13 from 11.
