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Aug. 2--Japanese businesses are increasingly optimistic about the local economy, according to the latest survey by the Japanese Chamber of Commerce.
Gains in local consumption, led by the auto and real estate sectors, were the main drivers of growth. Expected slight gains in foreign direct investment and exports in the second half would also help the economy, said Yoshihiro Otsuji, chairman of the economic research committee of JCC.
The Bank of Thailand earlier this week raised its estimate for growth this year to 3-4 percent, up one-half point from previous forecasts.
The JCC survey, conducted in May and June, received 312 responses from ...
Source: HighBeam Research, Japanese Business Confident of Growth in Thailand.