(MENAFN) According to the Bank of Japan (BOJ), large firms in all industries in Japan are expected cut their capital spending by an average of 1.2 percent next financial year, Xinhua reported.
The central bank said business sentiment among large manufacturers maintained flat in March on quarter, with the key index measuring big manufacturers' business confidence stood at plus 12.
Meanwhile, the data released by the Bank of Japan showed that the index for large non-manufacturers' sentiment improved to plus 19 from the previously registered plus 17.
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