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 senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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