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Corporate sentiment worsens in Japan

Sentiment at large Japanese manufacturers worsened for the second quarter of the year from April to June, according to the Business Survey Index compiled by the Ministry of Finance and a research institute. The index slips further to minus 11, in comparison to minus 8 in the first quarter. However, the gloomy report is not without a silver lining: companies forecast their capital expenditure to rise 3.8 percent in the business year starting in April, versus a 6.6 percent decline forecast in the previous survey.

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