Japan's Service Sector Sentiment Reaches 30-Year High, Manufacturing Declines

The Bank of Japan's latest Tankan survey reveals a surge in service sector confidence, contrasting with a dip in manufacturing sentiment.

Business sentiment among Japan's non-manufacturers hit a more than three-decade high in Q1, according to the Bank of Japan's Tankan survey.
The sentiment index for big manufacturers fell for the first time in four quarters, reflecting disruptions in auto production.
The BOJ may consider another interest rate hike this year if wage hikes accelerate, amidst a fragile economic recovery.
Big firms plan a 4.0% increase in capital expenditure for the fiscal year starting in April, amidst global economic uncertainties.
The yen hit a 34-year low, influenced by slow expectations for further BOJ rate hikes and a widening interest gap with the US.