Japan large manufacturer sentiment improves to pre-pandemic level in March

Sentiment among major Japanese manufacturers turned positive for the first time in six quarters in March, recovering to a pre-pandemic level amid growing expectations for an economic recovery, the Bank of Japan's Tankan survey showed Thursday.The key index measuring confidence among companies such as automobile and electronics makers rose to 5 from minus 10 in December, rising for the third straight quarter. It was previously in positive territory in September 2019.The result beat the average market forecast of minus 2 shown in a Kyodo News survey.The index for large nonmanufacturers, inclu…READ FULL ARTICLE