TOKYO (Reuters) – Japanese business sentiment turned optimistic in the three months to March, a carefully watched central financial institution survey confirmed on Thursday, signalling a gradual financial restoration from a stoop brought on by the COVID-19 pandemic.
The headline index for large producers’ sentiment improved to plus 5 in March from minus 10 in December, the Bank of Japan’s “tankan” survey confirmed. The median market forecast had been for a zero studying.
The BOJ tankan indexes are derived by subtracting the share of pessimistic respondents from optimistic ones. A adverse determine means pessimists outnumber optimists.
Survey outcomes on the BOJ’s website:
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