Abenomics sends mood in Japan to six-year high

Written by Reuters | Updated: Dec 17 2013, 09:52am hrs
Japanese business confidence improved over the three months to December to its highest level in six years, a central bank survey showed, suggesting Prime Minister Shinzo Abes Abenomics stimulus policies are gaining broader traction across the economy. The Bank of Japans quarterly tankan survey showed sentiment brightened not just for big firms but also for smaller companies, which had been slower to reap the benefits of a recovering economy.

Small manufacturers sentiment hit a six-year high and the small non-manufacturers index turned positive, which means optimists outnumbered pessimists, for the first time since 1992. Reuters