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Japan business sentiment bounces with hazy outlook: BOJ Tankan

Halt of travel subsidy program could affect momentum of recovery

Auto sales and domestic tourism are rebounding, but a resurgence in COVID-19 infections has cast a pall over Japan's economic recovery. (Source photos by Kei Higuchi and AFP/Jiji) 

TOKYO -- Business sentiment among Japan's largest manufacturers marked a second straight quarterly uptick in December on the back of a recovery in exports and government economic stimuli such as domestic travel subsidies, according to the Bank of Japan's latest Tankan quarterly survey, published on Monday.

Broad-based improvements, in both manufacturing and nonmanufacturing and in large and small businesses, indicate that the economy is supported by both exports and domestic recovery," said Junichi Makino, an economist at SMBC Nikko Securities.

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