Retail in Asia

In Markets

Japan business sentiment up for first time in 4 months

Business sentiment in Japan rose for the first time in four months in July thanks to hefty consumption by overseas visitors, according to a Teikoku Databank Ltd. survey.

The business sentiment diffusion index stood at 45.4, up 0.7 points from the previous month, the credit research firm said.

Positive factors for production and consumption are increasing, Teikoku Databank said, citing rises in wages and spending by foreign visitors to Japan.