Japanese BSI manufacturing index rose less than expected

Source: Forexpros

On Monday, Ministry of Finance reported that Japanese Business Survey Index of manufacturing conditions grew less than it was expected in the first three months of the year. BSI of large manufacturing conditions reached the seasonally adjusted level of −5.7, rising from an annual rate of −7.3 in the previous quarter. Analysts, however, had expected that the index would rise to −2.4.

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