• Kyodo

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Business sentiment among large companies in the April-June quarter hit the lowest level in 11 years amid fallout from the coronavirus pandemic, a government survey showed Thursday.

The confidence index covering firms capitalized at ¥1 billion ($9.3 million) or more plunged to minus 47.6 from minus 10.1 the previous quarter, logging its third consecutive quarterly decline, the joint survey by the Finance Ministry and Cabinet Office showed.

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