TOKYO : Japan's factory sentiment likely improved in the second quarter for the first time since mid-2021, thanks to an eased chip supply crunch for automakers, a Reuters poll of economists showed on Friday.While slowing global demand has dragged on manufacturers' recovery, the service-sector mood is expe
TOKYO : Japan's factory sentiment likely improved in the second quarter for the first time since mid-2021, thanks to an eased chip supply crunch for automakers, a Reuters poll of economists showed on Friday.
The Bank of Japan's closely-followed"tankan" business survey is set to show the big manufacturers' confidence index rebounded to 3 in June from 1 in March, according to the median estimate of 16 economists in the poll.
Looking ahead, manufacturers would see further improvement in their sentiment three months ahead, while service-sector companies' confidence would worsen slightly due to consumer inflation running at over four decade highs.
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