Japan's Tankan Results Indicate Business Optimism

03 October 2006

TOKYO: The quarterly Tankan survey of business sentiment indicated increasing confidence among large manufacturers - a trend confirmed by Monday's increase in Japanese share prices.

The Nikkei 225 Average finished the morning session up 141.32, or 0.9%, to 16268.9, while the broader Topix index advanced 0.7% to 1622.5.

Typifying the trend among larger companies, Honda Motor shares rose 2.8% and Fuji Photo Film gained 3.5%. But Sony shares fell 2.1%, attributable to the high profile recall of the its laptop batteries.

Data sourced from Wall Street Journal Online; additional content by WARC staff