TOKYO (AP) — Business sentiment among major Japanese manufacturers rose to 17 in March from 16, according to the Bank of Japan’s quarterly survey released Wednesday.
The improvement in the key so-called diffusion index in the closely watched “tankan” report, recorded for the fourth quarter straight, comes even as worries grow about Japan’s economic growth and oil supplies because of the war in Iran.
The survey is an indicator of companies foreseeing good conditions minus those feeling pessimistic.
The index for large non-manufacturers, such as the service sector, stood unchanged from the last tankan at 36.
Japan’s inflation has so far remained relatively moderate, but worries are growing about prices at the gas stands and other products. Investors and consumers alike are filled with uncertainty about how much longer the war may last and what U.S. President Donald Trump might say next. Japan’s benchmark Nikkei 225 has gyrated wildly in recent weeks.
Analysts say the Bank of Japan may start to raise interest rates because of concerns about inflation, given the soaring energy costs and declining yen — two elements that greatly affect living costs for the average Japanese consumer.
Historically, Japan has benefited from a weak yen because of its giant exports, exemplified in autos and electronics. A weak yen raises the value of exports’ earnings when converted into yen.
But in recent years, a weak yen is working as a negative, as resource-poor Japan imports much of its energy, as well as other key products such as food and manufacturing components.
The U.S. dollar has been soaring against the yen lately.
Japan’s central bank had a negative interest rate policy for years to fight deflation until it normalized policy in 2024. It kept the rate unchanged at 0.75% in March. The next Bank of Japan monetary policy board meeting is set for April 27 and 28.
Yuri Kageyama is on Threads: https://www.threads.com/@yurikageyama
A person walks in front of an electronic stock board showing Japan's Nikkei index chart at a securities firm Monday, March 23, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
PHILADELPHIA (AP) — Andrew Painter hopped off the mound in excitement in the fifth inning after his 97.2 mph fastball got James Wood to strike out for a second time.
Phillies fans — some groups called themselves Andrew's Painters, others Painter's Painters — waved paintbrushes and erupted in cheers with each strikeout for the rookie pitcher.
Painter delivered a masterpiece in his major league debut.
The 22-year-old Painter — considered to have one of the top arms in any level of baseball — tossed four-hit ball and struck out eight over 5 1/3 innings Tuesday in the Phillies' 3-2 win against the Washington Nationals. Painter tipped his cap to the cheering crowd of 40,709 fans as he left the mound in the sixth after he allowed a one-out single to C.J. Abrams.
“It was awesome,” Painter said. “Crowd showed up tonight. Just kind of soaked all of it. I don't think I could have drawn it up much better.”
He struck out the side in the fifth, walked one and allowed a run when Abrams scored on a run-scoring single by Daylen Lile off reliever Tanner Banks.
Painter wanted to stay in the game and at least finish the inning. Phillies manager Rob Thomson wasn't going to push the right-hander almost 1,000 days since his big-league path was elongated by Tommy John surgery.
Thomson asked Painter on the mound visit if he enjoyed his first game,
“He shook his head no,” Thomson said with a laugh. “Then he figured out what I said and shook his head yes.”
Painter received a rousing ovation as he made the long walk from the bullpen to the dugout before the game and kept the fans on their feet when he struck out Wood on a nasty 12-6 curveball to open the game. Painter kept the Nationals flailing at breaking balls and swinging over high hard stuff the rest of the game.
Painter mixed curves, sweepers and sliders with a fastball that nearly touched 100 mph and flashed every bit of greatness that has been predicted of him since he was the 13th overall pick in the 2021 amateur draft and signed for a $3.9 million bonus.
Painter sprinted through Philadelphia’s system in 2022, going 6-2 with a 1.48 ERA in 26 appearances spread across two Class A teams and Double-A Reading.
He hurt his elbow during spring training in 2023 and had Tommy John surgery later that year.
The 6-foot-7 right-hander emerged the top candidate to win the Phillies’ fifth starter job as he attempted to crack the rotation before his 20th birthday. Instead, the injury set him back at least two seasons, and he went 5-8 with a 5.26 ERA during two minor league stops last season.
He’s been deemed good to go and joins a stout rotation that this season will include Zack Wheeler, Aaron Nola, Cristopher Sánchez and Jesús Luzardo.
“We've been waiting a while for this,” Thomson said. “So have our players.”
The two-time reigning NL East champion Phillies gave him needed run support with solo home runs from Kyle Schwarber and Adolis Garcia. Painter left with the Phillies leading 3-0.
“He didn't seem fazed by anything out there," Schwarber said. “That was pretty cool. I mean, even before the game, there's no pacing, no nothing. Just felt like he was mentally prepared for what he was about to do. That's impressive.”
The first outing sure seemed a like preview for even more impressive starts over his career.
“I felt like I was in control of the pace of the game,” Painter said.
Considered the organization's top pitching prospect since Cole Hamels, Painter entered the season ranked No. 26 among all prospects in baseball. Painter gave up seven hits and struck out eight in 11 2/3 innings in spring training this year.
“If we can keep him healthy, this guy's going to be really good for a long time,” Thomson said. “He's going to have a really great career. He's one of those upper-echelon guys. He's got the combination of power and command. The future is bright for him.”
Painter said everything part of his game felt in sync, from pregame warmups to keeping his emotions in check while pitching in front of about 40 friends and family in his ticket group. He changed from his No. 24 jersey into a Phillies hoodie and shorts and jogged back onto the field after the final out for photos and hugs with his parents, former coaches and everyone who made the trip.
That included a kiss with his fiancée.
Painter took a knee before he ever threw a regular-season pitch. He posted proposal photos on Instagram in March with his girlfriend, Shelby.
What's more nerve-wracking, proposing or taking the mound?
“I'm not sure,” Painter said with a laugh. “We'll revisit that.”
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Philadelphia Phillies' Andrew Painter pitches during the first inning of a baseball game against the Washington Nationals, Tuesday, March 31, 2026, in Philadelphia. (AP Photo/Matt Rourke)
Philadelphia Phillies fans that call themselves "Painter's Painters" pose for a photo as they cheer on rookie Phillies pitcher Andrew Painter during his MLB debut in a baseball game against the Washington Nationals, Tuesday, March 31, 2026, in Philadelphia. (AP Photo/Dan Gelston)
Philadelphia Phillies' Andrew Painter pitches during the first inning of a baseball game against the Washington Nationals, Tuesday, March 31, 2026, in Philadelphia. (AP Photo/Matt Rourke)
Philadelphia Phillies' Andrew Painter pitches during the second inning of a baseball game against the Washington Nationals, Tuesday, March 31, 2026, in Philadelphia. (AP Photo/Matt Rourke)
