In a significant turnaround, Japan’s Business Survey Index (BSI) for large manufacturing conditions soared to 4.5 in the third quarter of 2024, up from the previous indicator of -1.0 in the second quarter. This notable rise, reported on 11 September 2024, marks a positive shift in Japan’s manufacturing sector.The previous quarter’s negative value had investors and industry leaders concerned about the potential stagnation in Japan’s manufacturing market. However, the latest figures indicate a robust recovery and suggest that manufacturing activities and business conditions for large manufacturers are improving.Analysts attribute this spike to a variety of factors, including increased domestic demand, strategic government policies, and possibly a stabilization of global supply chains. This positive movement is expected to bolster confidence in Japan’s economic outlook for the remainder of the year and beyond.The material has been provided by InstaForex Company – www.instaforex.com
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