After long gloom, Japan manufacturer outlook turns positive

07/1/2013 | Bloomberg

For the first time in nearly two years, Japanese manufacturers are optimistic about the future, with the latest quarterly Tankan index registering a plus 4 in June. That marks a sharp turnaround from the minus 8 reading three months earlier. "Companies are becoming pretty confident about the economy's outlook. They still have scope to revise upward their profit forecasts and capital investment plans," said Yoshiki Shinke, chief economist at Dai-ichi Life Research Institute in Tokyo.

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