Confidence among Japan's biggest manufacturers is at an 11-year high, a key central survey showed Friday, as the world's number-three economy picks up pace.
The Bank of Japan's Tankan report -- a quarterly survey of more than 10,000 companies -- showed a reading of 25 among major manufacturers in its December survey, the highest since its December 2006 poll.Read more
The Bank of Japan on Thursday cut its annual inflation forecast as it struggles to end years of on-off deflation, but held steady on monetary policy.
In its quarterly outlook, the central bank said it now expects core consumer prices to rise 1.1 percent in the fiscal year to March, down from the 1.4 percent previously forecast.
source: AFPRead more
Confidence among Japan's biggest manufacturers has risen for the second straight quarter, a key central bank survey showed Monday, a welcome boost for the world's third-largest economy.
The report comes after a batch of government data on Friday showed inflation and factory output picked up in February while the unemployment rate dipped to a two-decade low.
Japan has been strugglingRead more
Japan will explain to the United States that the Bank of Japan's monetary easing is aimed at achieving price stability, not at manipulating the yen, its chief government spokesman said on Wednesday.
Chief Cabinet Secretary Yoshihide Suga told a news conference that Japan was conducting policy in line with G7 and G20 agreements. He added that there was no changeRead more