Japan’s Business Mood Improves on Solid Demand, Hopes of Post-COVID Recovery

Japan’s Business Mood Improves on Solid Demand, Hopes of Post-COVID Recovery
A man runs on a crosswalk at a business district in central Tokyo, Japan, on Sept. 29, 2017. Toru Hanai/Reuters
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TOKYO—Japan’s business mood improved for a fifth straight quarter in September with manufacturers perking up on robust global demand, a central bank survey showed on Friday, boding well for the next administration’s bid to pull the economy out of the doldrums.

Steady progress in vaccinations and hopes of a reopening in economic activity also helped lift non-manufacturers’ mood, the survey showed, underscoring the Bank of Japan’s view an end to state of emergency curbs will prop up consumption.