By Megumi FujikawaTOKYO--Sentiment among large Japanese manufacturers rose to the highest level since March 2022 during the three months to December, supported by a sharp recovery in the auto sector. The main index for sentiment among large manufacturers was +12, compared with +9 in September, according to the Bank of Japan's quarterly Tankan corporate survey released Wednesday. That was higher than economists' forecast for +10 and marked the third straight quarter of improvements. The index represents the percentage of companies who said business conditions were favorable minus those who said conditions were unfavorable. Write to Megumi Fujikawa at megumi.fujikawa@wsj.com(END) Dow Jones NewswiresDecember 12, 2023 19:37 ET (00:37 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal December 13, 2023 12:40 UTC