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Japan chief cabinet secretary Suga was out on the wires soon before press time, stating that the Japanese economy is beginning to bottom out. 

However, Bank of Japan’s (BOJ) “tankan” survey released early Wednesday showed Japanese manufacturers’ pessimism deepened to a level not seen since 2009 during the three months to June. 

“The report reflects the impact of the coronavirus outbreak,” Suga said in response to tankan survey.