business confidence: The latest reading matched market expectations, according to The Japan Times. The world's No. 3 economy has been picking up steam on the back of strong exports, with investments linked to the Tokyo 2020 Olympics also giving growth a boost. Robust exports boosted gross domestic product, up from a 0.3 percent increase in the last quarter of 2016, the Cabinet Office said. The labor market is tight and business confidence is high. Looking ahead, the growth rate will slow a bit, if not turn negative, toward the second half of this year as China's economic indicators are weakening a bit. Exports have taken the lead in the recovery, and domestic demand wasn't bad, showing resilience with household spending turning positive, said Masaki Kuwahara, senior economist at Nomura Securities.
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Tagged under business confidence, cabinet office topics.