Weak yen boosts Japan's business confidence, BOJ survey shows

Rising prices for imports dampen outlook in nonmanufacturing sector

Workers assemble a vehicle at a Toyota plant in Japan's Fukuoka prefecture. Business sentiment improved substantially at large manufacturers in the latest quarterly Tankan survey by the Bank of Japan. (Photo by Shinya Sawai)

SHIORI GOSO, Nikkei staff writer

October 3, 2023 06:05 JST

TOKYO -- The weak yen has improved business sentiment at Japanese companies, the Bank of Japan's latest quarterly Tankan survey showed Monday, with the overall mood boosted by a more favorable supply chain and an influx of tourists from abroad.

The closely watched diffusion index among large manufacturers rose 4 points from the June survey to reach 9. Sentiment improved notably in the automotive industry.