Trust among Japan's largest producers has risen to the highest level in a decade. This inevitably highlights the success of the economy under Shinzo Abe. The weaker yen and the stronger world economy have led to record profits for Japan, even when North Korea's attempts have blurred prospects. The longest economic expansion in a decade has increased the mood, but many households are still waiting for companies to turn those profits into significant wage increases. On 22 October, parliamentary elections will be held in Japan, with preliminary studies suggesting that Shinzo Abe will be able to form a government and run another mandate.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
Bloomberg: Japan's Manufacturing Confidence Touches and Decade High
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