Economic news

Japan's business sentiment rises to decade-peak

Big producers have the strongest confidence in Japan’s business terms for a decade as a weak yen and solid global demand boost economy, according to the Bank of Japan’s “tankan” quarterly survey.

The optimistic data could help premier Shinzo Abe as he urges voters in an Oct. 22 election to support his “Abenomics” stimulus measures.

A firm improvement of the economy will boost real wages and consumer spending, though many analysts forecast inflation not to hit the central bank’s 2 percent target.

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