Against this backdrop, the June 2013 Tankan (ShortTerm Economic Survey of Enterprises in Japan) showed a significant improvement in business sentiment not only in the manufacturing sector, which has greatly benefited from the correction of the yen’s appreciation, but also across a wide range of other sectors including nonmanufacturing, as well as upward revisions in firms’ business forecasts such as with regard to profits and fixed investment.
As for our dinar – the very image of our country – it has never felt freer floating along other currencies. Foreign exchange reserves are at their record high of $ 12.2 billion and the price of capital, though slowly, is doubtless falling in contrast to its price in countries whence you came where such price, though slowly, is doubtless rising!