Business sentiment growth among Japanese companies in Malaysia is forecast to accelerate!

KUALA LUMPUR: Business sentiment growth among Japanese companies in Malaysia is forecast to accelerate in the second half of 2022 based on a survey by the Japanese Chamber of Trade and Industry Malaysia (Jactim).

President Daiji Kojima said that according to the bi-annual survey conducted among 557 Jactim members between Jan 19 and Feb 21, 2022, the business sentiment diffusion index (DI) is projected to expand to 20.5 points, continuing its positive trend from the first half of 2022 (H1 2022).

"DI for Japanese business sentiment for H1 2022 rose sharply by 30 points to +9.4 points, turning positive after being in negative territory for eight terms and the highest since H1 2018 due to relaxation of movement control, in particular with the reopening of most economic sectors and greater demand in the semiconductor sector," he told Bernama.