Jiji Press TOKYO (Jiji Press) — Business sentiment among major Japanese companies improved in July-September, scoring the first positive reading in three quarters, a government survey showed Wednesday.
The business sentiment index for companies with capital of ¥1 billion or more stood at plus 1.1, against minus 3.7 for the previous quarter, according to the joint survey by the Finance Ministry and the Cabinet Office.
The survey examined the sentiment as of Aug. 15.
Business sentiment improved among both manufacturers and nonmanufacturers thanks to robust demand for domestic computer systems and electronic parts for fifth-generation, or 5G, wireless communications services.
The index represents the percentage of companies seeing their business conditions improve from the previous quarter minus that of firms feeling the opposite.
The index for large manufacturers came to minus 0.2, far better than minus 10.4 for January-March, despite a fall in demand for semiconductor-related products bound for China.
Meanwhile, the index for large nonmanufacturers stood at plus 1.8, up from minus 0.4.
The index came to plus 0.5 for midsize companies and minus 10.0 for small companies.