Japan business mood up on growth prospects, wary on outlook: Reuters Tankan
Economic Indicators5 minutes ago (Jan 19, 2017 06:10PM ET)
By Tetsushi Kajimoto and Izumi Nakagawa
TOKYO (Reuters) - Japanese manufacturers' morale rose for a fifth straight month in January to a 2-1/2 year high and the service sector's mood jumped to its highest levels since mid-2015, a Reuters poll showed, thanks to a weak yen and buoyant share prices.
The latest Reuters Tankan underscores growth prospects for the world's third largest economy, but uncertainty lies ahead after U.S. President-elect Donald Trump is inaugurated on Friday, with his protectionist agenda casting doubts over the smooth conduct of global trade.
The Reuters' monthly poll - which tracks the Bank of Japan's key quarterly tankan - found confidence at manufacturers and service-sector firms slipping over the next three months.
In the poll of 531 large- and mid-sized firms, conducted between Jan. 4 and 17 and in which 266 responded, the sentiment index for manufacturers rose to 18 from 16 in December, driven by industries such as electronics and machinery.
Quote: Japan December exports rise 5.4 percent year/year: MOF
Economic Indicators1 minute ago (Jan 24, 2017 07:10PM ET)
TOKYO (Reuters) - Japan's exports rose 5.4 percent in December from a year earlier, posting the first gain in 15 months, government data showed on Wednesday, reflecting a pick-up in global demand and effects of a weaker yen.
The rise in the value of exports compared with a 1.2 percent increase expected by economists in a Reuters poll. It followed a 0.4 percent year-on-year decline in November, the Ministry of Finance data showed. Imports fell 2.6 percent in December, versus the median estimate for a 0.8 percent decrease. That brought the trade balance to 641.4 billion yen ($5.63 billion) in the black, versus the median estimate for a 270 billion yen surplus. It was the fourth straight month of surplus. Source: https://www.investing.com/news/economic-...
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