A survey of how businesses perceive the economy showed a significant improvement from April to June this year. The recovery was felt mainly in the lodging and restaurant industries. According to the survey conducted by the Fukuoka Finance Bureau, covering companies in the three northern Kyushu prefectures of Fukuoka, Saga, and Nagasaki, the percentage of respondents who said the economy “improved” compared to the percentage who said it “worsened” between April and this month showed a significant improvement. However, the manufacturing sector remains in a difficult position as raw material prices continue to rise in the wake of Russia’s invasion of Ukraine. Source: NHK
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