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Japan's business sentiment hits highest since 2018: Tankan survey

Strong exports help nation ride out domestic challenges

External demand for autos and machinery boost exports from Japan. (Photo by Arisa Moriyama)

TOKYO -- Business sentiment among Japan's large manufacturers has improved to the highest level since 2018, the Bank of Japan's latest Tankan survey, released on Thursday, shows, raising hopes that the economy is finally in for sustained growth.

The results also underline emerging challenges for the economy, including rising commodity prices, the emergence of new COVID variants and boosting public confidence in economic reopening.

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