Japanese manufacturers show optimism for the first time since September 2011

Source: Bloomberg
© Scanpix/Reuters
Large Japanese manufacturers showed aggregate optimism in June, indicating trust in Abe's stimulus programs to bring Japanese economy out of stagnation. The Tankan gauge rose to +4 from -8 in March, while experts predicted a rise to +3. A positive number in the survey means that optimistic manufactures outnumbered pessimistic ones. Big companies plan to expand investment by 5.5% this fiscal year.
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