Japan’s business sentiment rises in March, 1st time in 3 months

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Business sentiment among workers with jobs sensitive to economic developments in Japan increased in March, the first time in three months following the lifting of all anti-COVID-19 measures on business activities, government statistics showed on Friday.

The diffusion index of confidence in current conditions compared with three months earlier among “economy watchers,” including taxi drivers and restaurant staff, surged 10.1 points from February to 47.8, according to the Cabinet Office. The Cabinet Office revised up its assessment of the economy from the previous month for the first time since November, saying it has shown “signs of picking up.”—APP

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