Japanese manufacturing sentiment rises for first time in four months

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Japanese manufacturing sentiment rises for first time in four months

The sentiment of big Japanese manufacturers went up for the first time in four months in December, and the service sector mood hit a three-year high, according to a monthly poll by Reuters, in a sign of a gradual recovery from the COVID-19 doldrums.

Large manufacturers expected business conditions to hold steady in the coming three months, despite the fact that the service sector had a worsening outlook, despite uncertainty in the outlook, according to a monthly poll that parallels the Bank of Japan's BOJ tankan quarterly survey.

The mixed readings underscored the uneven nature of Japan's recovery from the pandemic, as a slowdown in China raises the risk of a global downturn and a possible COVID 19 resurgence in Japan clouds the outlook.

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