Reuters: US Dollar Report: RPT-Japan corporate sentiment improves - BOJ tankan

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RPT-Japan corporate sentiment improves - BOJ tankan Apr 1st 2013, 00:21 Tweet Share this Email Print Sun Mar 31, 2013 8:21pm EDT TOKYO, April 1 (Reuters) - Big Japanese manufacturers' sentiment improved for the first time in three quarters in January-March, a closely watched Bank of Japan survey showed, suggesting a weaker yen and higher share prices are supporting business confidence. The headline index for big manufacturers' sentiment was minus 8 in March, compared with minus 12 in December and with the median market forecast for minus 7, the quarterly tankan survey showed on Monday. Big manufacturers expect conditions to improve over the next three months, with the index for June seen at minus 1, matching a median forecast of economists. The survey also showed big firms plan to cut their capital spending by 2.0 percent in the financial year that started on April 1, compared with a median forecast for a 2.3 percent increase. The sentiment indexes are derived by subtracting the percentage of respondents who say conditions are poor from those who say they are good. A negative reading means pessimists outnumbered optimists. To view the BOJ's table on the survey, click on Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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