The Bank of Japan’s latest short-term economic survey reveals that the business confidence index for Kyushu and Okinawa rose by 1 point to +20 for all industries, marking the first improvement in three quarters. The survey, conducted with over 1,000 companies, assesses the ratio of businesses reporting favorable versus unfavorable conditions. While manufacturing dipped by 2 points to +9, non-manufacturing industries improved by 1 point to +25, buoyed by strong inbound consumer demand. However, concerns remain about rising prices and their impact on consumption trends. Source: Bank of Japan
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