Mumbai, Dec. 11 -- Japan's large manufacturers recorded a stronger mood in Q4 2025, with the Business Survey Index climbing to 4.7% from 3.8%, the highest reading of the year. Markets expect a BOJ rate hike in December followed by 2 to 3 more in 2026. Forward guidance signals softer conditions ahead, with sentiment projected to ease to 1.1% in Q1 and 1.3% in Q2 2026.

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