Japan's tankan survey shows economy nearing upturn

- Central Banking staff
- 02 Apr 2002

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JAPAN - Corporate confidence in Japan stopped falling for the first time in five quarters in March but was still weak, a widely watched central bank survey showed on Monday, pointing to a modest economic rebound from June.

The Bank of Japan's "tankan" quarterly corporate survey produced a headline figure of minus 38 for the sentiment diffusion index for large manufacturers, unchanged from December and slightly worse than economists had expected.

But the survey of 8,651 companies, taken from 22

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