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The Bank of Japan released its quarterly Tankan business survey on Thursday. The large manufacturers' index declined to +12 in the third quarter from +15 in the second quarter, missing expectations for a fall to +13. Confidence worsened despite record-high profits of companies.
The outlook fell to +10 in the third quarter from +16 in the second quarter.
The large non-manufacturers' index rose +25 in the third quarter from 23 in the previous quarter. It was the highest level since 1991. The outlook decreased to +19 from +21.
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