Confidence amongst Japanese small and medium sized companies rose to 30.8 in April from 30.4 in March, a report from the Shoko Chukin Bank showed Tuesday. Economists were expecting the indicator to rise to 31.

A reading below 50 suggests that pessimists outnumber optimists.

Manufacturing firms' confidence rose 0.5 points to 27.3 in April, while non-manufacturer' sentiment moved up 0.2 points to 33.5.

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