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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