The business climate in Japan has slightly improved, despite concerns over tariffs.
Gate News bot news, the outlook of major Japanese manufacturers for the second quarter's business conditions has slightly risen, although concerns over the impact of increased tariffs in the United States remain. The short-term economic survey report released by the Bank of Japan on Tuesday shows that the main index measuring the confidence of large manufacturers is +13. In contrast, the reading from the March survey was +12. This index also exceeds the expected +10 from economists surveyed by data provider Quick, marking the first improvement in two quarters. The index represents the percentage of companies that believe the business environment is favorable minus the percentage of companies that believe the business environment is unfavorable. After the stronger-than-expected short-term survey results raised the prospects for interest rate hikes by the Bank of Japan, the exchange rate of the yen against the dollar rose to around 143.45 yen, the strongest level since June 13.