TOKYO : Japanese manufacturers' business mood likely improved in July-September helped by an easing in COVID-19-related supply chain disruptions, a Reuters poll of economists showed.The improved sentiment bodes well for the Bank of Japan (BOJ) as it maintained its ultra-low interest rate policy amid risin
TOKYO : Japanese manufacturers' business mood likely improved in July-September helped by an easing in COVID-19-related supply chain disruptions, a Reuters poll of economists showed.
"While rising costs due to the weak yen and commodity inflation have squeezed profits in many sectors, the business sentiment ameliorated thanks to eased supply bottlenecks, especially among auto and machinery makers," said Shinichiro Kobayashi, principal economist at Mitsubishi UFJ Research and Consulting.
Big manufacturers' index is forecast to be flat three months ahead, while service-sector firms will see a little improvement in their outlook, according to the poll.
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