Japanese industrial firms show fifth-quarter confidence rise

Confidence in Japanese manufacturing companies has improved for the fifth consecutive week, despite concerns over the impact of tensions in the Middle East. The "Tankan" survey showed the sentiment index rising to +22 points for manufacturers, an increase of 5 points from the previous quarter. Additionally, the machinery sectors saw growth driven by demand for artificial intelligence and electronic chips. Conversely, sentiment declined in the oil and coal sectors, but the overall index was only minimally affected.

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