Japan big manufacturers’ mood turns positive: BOJ tankan

Japanese manufacturers’ sentiment turned positive in the three months to June for the first time in nearly two years, a closely-watched central bank survey showed, a sign the recent market turbulence has yet to hurt the feel-good mood created by the government’s reflationary policies.

Robust private consumption also lifted service-sector sentiment, boding well for the Bank of Japan’s plan to end 15 years of grinding deflation and achieve its 2 per cent inflation target in two years through aggressive monetary stimulus.

via Business feed http://www.scmp.com/business/economy/article/1272978/japan-big-manufacturers-mood-turns-positive-boj-tankan