LONDON (ShareCast) - Japanese business confidence improved in the second quarter of the year after hitting record lows in the first three months of the year.
The benchmark index for large manufacturers' sentiment was minus 48 in June, an
improvement from minus 58 in March.
The figure is obtained by subtracting the number of interviewees expressing negative sentiment from those who are positive.
Japan, whose economy is largely dependent on exports of products such as cars and electrical equipment to the US, Europe and other economies, has been hit hard by the global economic downturn.
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