The Bank of Japan’s latest Tankan survey, released on July 3rd, revealed an upward trend in the business conditions across Kyushu and Okinawa, with the index hitting a four and a half year high. The overall index, accounting for all industries, improved by two points to +18, continuing an upward trend for the fifth straight period. Despite this, the labor force index remains low at -39, indicating an ongoing concern over labor shortages. Factors contributing to the positive business sentiment include stable raw material costs, improved corporate earnings, and a recovering consumer market. Source: NHK
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