Japan’s Tankan survey, a quarterly gauge of business sentiment, improved to -1 in June from -4 in March.
Economists were looking for a reading of -4 for June.
A reading above 0 means optimistic businesses outnumber pessimistic businesses. So the reading suggests that Japan’s large manufacturers are less pessimistic than expected.
Meanwhile, Japan’s Nikkei stock index futures are looking up.
Here’s a breakdown of the large enterprises component of the Tankan survey.