Thursday, 1st April 2010
In Business In Japan,
Stocks rise in Japan on back of confidence boost
Confidence among Japanese firms is on the rise according to the latest survey of corporate sentiment published by Tankan.
The Tankan index revealed that many firms in Japan feel that business conditions are improving in the wake of the global financial crisis and the survey rose from minus 25 in December last year to minus 14 in March.
The survey asks businesses to rate current market conditions as favourable or unfavourable.
On the back of the news, Japanese shares closed on a high on Thursday.
The Nikkei index finished up 154.46 points to reach 11,244.40 and the Topix also closed on a rise of 0.66 per cent, leaving it at 985.26 at the end of play.
Japan has just emerged from its worst recession since the end of the second world war and has suffered with falling global demand for many of the products which prop up its economy, from electrical goods to cars.
Written by Mark Smith.
Related news stories:
Japanese stocks enjoy sharp rise (16th June 2010)
Japanese stocks fall on strong yen, US economy (20th July 2010)
Japanese stocks up on Europe bolstering (13th May 2010)
Japanese stocks fall on Federal announcement (19th February 2010)
Japan stocks fall to two-month low (8th February 2010)