Japanese Commerce Confidence Hits Six-Year High
Japanese Commerce Confidence Hits Six-Year High (YahooFinance)
The Bank of Japan’s most recent “tankan” survey of consumer sentiment found that Japanese business confidence has reached its highest point in six years. And. this confidence extends from big firms to small businesses. Perhaps more importantly, for the first time since 1992, the number of those consumers who are optimistic about their economic future surpassed those with a negative attitude. The findings of the survey reinforce the Bank of Japan’s opinion of the economy: that it is recovering moderately following Prime Minister Shinzo Abe’s direction, and likely will not need another round of government stimulus. Is this swing in perception enough to lure you back into investing in Japan? Or, are you still withholding judgment (and your investment dollars) until there are additional positive indicators?