Confidence boosted as Japan shows recovery signs

JAPAN - Japan's export-led economic recovery fuelled a record improvement in sentiment among large manufacturers in a survey of business confidence. However the survey also highlighted the risk to Japan's economic health from the yen's recent rise against the dollar.

The Bank of Japan's authoritative Tankan quarterly survey yesterday showed that the benchmark index for large manufacturers rose 20 points to minus 18, a record gain. The survey of more than 8,500 companies also showed a marked im