October 3rd, 2011
04:17 AM GMT
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(CNN) – Optimists outnumber pessimists in a closely watched quarterly survey of business conditions by Japanese business leaders.

The Tankan Survey by the Bank of Japan showed the sentiment of large manufacturers for July to September improved to 2 from minus-9 in the June quarterly survey, which was released in the aftermath of the March 11 earthquake, tsunami and nuclear disaster at the Fukushima Daiichi power plant. That was slightly lower than the forecasted 3 by economists surveyed by Dow Jones.

Still, sentiment has yet to recover to pre-quake levels, notes Bloomberg. The Tankan survey in March had a reading of 6 (the survey of 2,355 large enterprises is derived by subtracting positive outlook from negative; a positive figure indicates optimists outnumber pessimists).

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