• Kyodo

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Business sentiment among large Japanese companies in the April-June period worsened for the second straight quarter due to a global semiconductor shortage and a third state of emergency over the coronavirus pandemic, a government survey showed Friday.

The confidence index covering firms capitalized at ¥1 billion or more inched down to minus 4.7 from minus 4.5 in the January-March period, staying negative for the second quarter in a row, according to the joint survey by the Finance Ministry and Cabinet Office.

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