Japanese Manufacturers’ Sentiment Turns Positive

jpJapanese manufacturers’ sentiment turned positive in the June quarter for the first time in nearly two years, a closely-watched survey by the central bank showed on Monday.

The Bank of Japan’s “tankan” survey showed the headline index for big manufacturers’ sentiment improving 12 points from three months ago to plus 4, slightly better than the plus 3 a Reuters poll was expecting.

This is the second straight quarter of improvement and the first positive reading since the September 2011.

A positive reading means the number of optimists outnumbered pessimists.

The index for non-manufacturers rose to plus 12, also better than expected, and is the highest reading since March 2008.

The outlook for the future sentiment is even more bullish. The survey expects the headline index to show a plus 10 reading for the September quarter.

Japan’s big firms also see full-year capital expenditure rising 5.5 percent, compared to a Reuters poll of 2.9 percent.

The survey is said to be a good reflection of the impact of what’s been dubbed as “Abenomics,” or the radical policies by Prime Minister Shinzo Abe to kick start the economy.

 

 

Source : CNBC | June 30, 2013

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About thomasdinnocenzi

Thomas D’Innocenzi is a highly accomplished, results-focused international consultant with extensive experience in global sourcing and business development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global marketing and sourcing operations. He has extensive experience in international business development to accommodate rapid growth. Skilled in building top-performing teams, bench-marking performance, and developing organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. Tom founded Nova Advisors with the mission of providing expert Global Business Development consulting services for companies seeking to expand their market share as an independent consultant. Tom has a network of experts and advisors throughout the Asia-Pacific region and North America. His expertise includes business development, global sourcing, manufacturing, commodities, logistics, QA/QC, FDA, regulatory compliance, sustainability, and supply chain optimization. Tom is experienced in the medical device, apparel, consumer goods and technology services verticals helping companies advance their global sourcing capabilities and develop new markets through a local and sustained approach. Located in SE Asia and the United States, Tom expands market reach to drive sales. His global sourcing strategy includes directly negotiating with commodity suppliers, supply chain networks and distributors for optimal terms based on his expertise and first-hand knowledge of the players. Contact Tom to use his consulting service to increase your global market and make global sourcing profitable for you in the Asia Pacific Region and the United States. http://www.NovaAdvisors.com thomas@NovaAdvisors.com USA Direct: +1.904.479.3600 SINGAPORE: +65.6818.6396 THAILAND: +662.207.9269
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