Confidence among large Japanese manufacturers improved in the first quarter, a central bank survey showed Monday, as Tokyo works to reverse years of limp growth in the world's third-largest economy.
A worker assembles an appliance at a Hitachi factory in Japan on March 19, 2013. Confidence among large Japanese manufacturers improved in the first quarter, a Bank of Japan (BoJ) survey showed Monday.
The results marked the first improvement in three quarters with companies expecting a pick-up in sales and profits. But they were cautious in their capital spending plans and the figures remained in negative territory, meaning a majority of surveyed firms are pessimistic about the future.
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