• Kyodo

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Business confidence among large companies deteriorated significantly in the April to June period due to production suspensions brought about by earthquakes in central Kyushu and on a stronger yen, a government survey showed Monday.

The index for business conditions at companies capitalized at ¥1 billion or more, compiled by the Finance Ministry and the Cabinet Office, stood at minus 7.9 on an all-industry basis, far worse than the minus 2.2 forecast when a January to March survey was released.

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