JAPAN'S INDEX TANKAN RISES TO PRE-CRISIS LEVEL
The Bank of Japan reported an increase in confidence in the country's economy from large industrial companies. The Tankan index, which evaluates it, rose to 5 points in the first quarter. At the same time, in the fourth quarter of last year, it was in the negative zone. Analysts had expected the index to rise to zero in the first quarter. The positive value of the index indicates that the majority of survey participants are quite optimistic about the situation in the Japanese economy. The Bank of Japan also reported a positive trend in the index, which assesses the degree of confidence in the country's economy among large companies operating in the non-manufacturing sector. In the first quarter, it rose to minus 1 point. At the same time, the indicator was minus 6 points in the previous quarter. Analysts had forecast the index to rise to minus 2 points. The Bank of Japan's report notes that the country's economy is gradually emerging from the crisis thanks to the successful economic recovery in China, as well as in the United States. These countries are Japan's main trading partners.