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Oct. 2, 2022, 8:12 p.m. EDT

Japan Large Manufacturers' Sentiment Weakens for Third-Straight Quarter

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By Megumi Fujikawa

TOKYO--Sentiment among Japan's large manufacturers deteriorated in the three months to September, the third straight quarter it has worsened, amid lingering concerns over supply shortages.

The main index for sentiment among large manufacturers was +8, compared with +9 in the previous June survey, according to the Bank of Japan's quarterly tankan corporate survey released Monday.

The reading was lower than a projection for +11 from a poll of economists by data provider Quick. The index represents the percentage of companies who said business conditions were favorable minus those saying conditions were unfavorable.

Big companies plan to increase their capital expenditure by 21.5% for the fiscal year ending March 2023, compared with plans for a 18.6% increase in the previous June survey.

Write to Megumi Fujikawa at megumi.fujikawa@wsj.com

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