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Japan's Business Sentiment Holds Steady Amid Economic Growth

Japan United States Economic Growth Bank of Japan Economy Monetary Policy
The headquarters of Bank of Japan (BOJ) is seen in Tokyo, on Aug. 18, 2023. (AP Photo/Shuji Kajiyama, File)

The latest tankan survey released by the Bank of Japan revealed that business sentiment among Japan's large manufacturers remained unchanged in the July-September quarter compared to the previous quarter. The benchmark index stood at plus-13, indicating that more companies expressed optimism about business conditions than pessimism.

Similarly, the index for large nonmanufacturers also showed a positive trend, increasing to plus-34 from plus-33 in the previous quarter. These results align with analyst expectations and suggest that Japan's economic growth remains on relatively solid ground.

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