Business confidence at large manufacturers in Japan improved and suggested that inflation expectations amongst firms steady in the first quarter (Q1) of 2024, according to the Bank of Japan's quarterly Tankan survey on Monday.
The headline large Manufacturers' Sentiment Index came in at 11.0 from the previous reading of 12.0, better than the market expectation of 10.0.
Further details unveil that the large Non-Manufacturing Outlook for the first quarter (Q1) arrived at 27.0 versus 24.0 prior, worse than the market consensus of 30.0.
The Japanese firms expect Consumer Prices to rise by 2.4% a year from now, from an increase of 2.4% in the previous survey
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