Japan Business Sentiment Weakens In Q4

Confidence among Japan's large companies weakened in the fourth quarter as economic growth decelerated notably during the quarter ended September, results of a survey conducted by the Ministry of Finance and the Cabinet Office revealed Tuesday.

The sentiment index for large firms declined to 8.3 points from 12 points in the third quarter. The survey was conducted on November 15.

The score is measured by the number of companies pointing to improvement in their business environment minus those reporting deterioration.

The business sentiment index is forecast to rise to 11.8 points during January to March but expect it to fall to -4.1 points in April to June.

Confidence among big manufacturers is expected to improve to 11.4 in the first quarter of 2014, before falling to -4.6 in April to June period. Likewise, non-manufacturers sentiment is seen rising to 12.1 and then to dip to -3.9.

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