A Reuters Tankan survey of business confidence on Tuesday showed that Japanese manufacturers were less pessimistic in August than they had been in at least four months, but indicated only a slow recovery from the coronavirus pandemic.<\/p>\n\n\n\n
This highlights the mammoth task that policymakers face to pull the economy out of its deepest recession on record after the coronavirus pandemic undermined spending by businesses and households.<\/p>\n\n\n\n
The survey, which closely tracks the Bank of Japan’s quarterly Tankan survey, indicated a modest recovery with expectations that manufacturers’ sentiment will improve in the coming months.<\/p>\n\n\n\n
The survey concluded that manufacturers’ confidence rose to -33 in August from -44 the previous month, the highest level since February. The services sector index rose to -23 from -26. A negative reading means that the pessimists outnumber optimists.<\/p>\n\n\n\n
Data on Monday showed that Japan experienced its steepest economic downturn on record in Q2 after the health crisis hit consumption and exports.<\/p>\n\n\n\n
Some companies have warned of uncertainty in the coming months due to the return of trade tensions between the United States and China.<\/p>\n","protected":false},"excerpt":{"rendered":"
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