Business sentiment among big manufacturers in Japan rose to its highest level in six years in the three months to December, the Bank of Japan’s closely-watched Tankan survey showed on Monday.
The headline index of sentiment rose to plus 16, up 4 points from the September quarter and compared with analyst expectations in a Reuters poll for a reading of plus 15.
It is the latest in a string of recent signs that the stimulus policies of Prime Minister Shinzo Abe are having a positive impact on the world’s third largest economy.
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