Strong AI demand: Japanese large manufacturers' business sentiment index improves for five consecutive quarters

Mars Finance News, the Bank of Japan's June Tankan survey released on the 1st showed that the key indicator, the business conditions diffusion index (DI) for large manufacturers, stood at +22, up 5 points from the previous survey in March, improving for the fifth consecutive quarter. The background reason is strong demand for artificial intelligence (AI). The outlook index for three months later is +17, down 5 points, as concerns over oil price rises due to the worsening situation in the Middle East have dampened business confidence. (Cailianshe)
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