KANSAI Close-up

Kansai business confidence continues to improve, BOJ

Business confidence in six prefectures in the Kansai region (Osaka, Kyoto, Hyogo, Shiga, Nara and Wakayama) continued to improve in December, according to the quarterly 'tankan' report released by the Osaka branch of the Bank of Japan (BOJ).
The diffusion index-the ratio of those responding in the positive to those responding in the negative-was minus 9 for manufacturers, up 9 points from September, and minus 21 for non-manufacturers, up 5 points. The DI for all industries was minus 16, up 5 points. The DI for manufacturers improved for the third consecutive quarter, while that for non-manufacturers improved for the fifth consecutive quarter. The DI for all industries improved for the seventh consecutive quarter.
Among manufacturers, nonferrous metal improved 44 points, lumber and lumber products 40 points and metal products 20 points. Among non-manufacturers, realty improved 8 points, transportation 7 points and services (including lease) 7 points.