Japan Economic Trend Research November

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<Overview of November 2013: Overall improvement>

The Economic DI surpassed that of the March 2006 period (47.9), reaching the highest level since the commencement of survey in May 2002.

<Future Outlook: The economic increase will continue>

Japanese corporate activity, supported by the firm domestic and foreign demand, is predicted to become further active; thus, the Japanese economy is expected to continue its improvement.

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