Japanese business confidence at 11-yr high

Tmanufacturers is at an 11-year high, a key central bank survey showed Friday, as the world’s number-three economy picks up pace.

- port -- a quarterly survey of more a reading of 25 among major manufacturers in its December survey, the highest since its December 2006 poll.

The report, the broadest indicator that see conditions as unfavourable.

The mood among major manu straight quarter.

Buoyed by a favourable outlook, to boost capital spending by 10.2 percent year-on-year, according to the survey.

The index for non-manufacturers came in at 23, unchanged from the previous survey in October. This is the highest level since the

The upbeat survey underscores improving on the back of strong the Tokyo 2020 Olympics also giving the economy a shot in the arm.

“The strong reading reflects - formance, thanks to brisk demand Ueno, economist at NLI Research Institute, told AFP.

firms “remain cautious about various risks including geopolitical concerns over North Korea and the

The report is a boost for Prime to cement a lasting recovery in the

The scheme -- a mix of aggressive monetary easing and huge reforms to the economy -- fattened market higher.

But it has failed in its goal of plagued Japan for years and held

target, despite years of record monetary easing.

- panded by 0.6 percent in the July- September period, posting its longest string of gains in more