The results of the Bank of Japan’s Tankan Survey (survey of manufacturing and service companies designed to assess business conditions in Japan). Its conducted quarterly.
Tankan Large Manufacturing Index Q1, 17
- expected 19, prior was 16
Tankan Large Non-Manufacturing Index Q1, 24
- expected 24, prior was 20
Tankan Large Manufacturing Outlook Q1, 8
- expected 13, prior was 14
Tankan Large Non-Manufacturing Outlook Q1, 13
- expected 15, prior was 17
Tankan Small Manufacturing Outlook Q1, -6
- expected -3, prior was -1
Tankan Small Non-Manufacturing Outlook Q1, -4
- expected -3, prior was 1
Tankan Large All Industry Capex Q1, 0.1%
- expected 0.0%, prior was 4.6%
Tankan Small Manufacturing Index Q1, 4
- expected 4, prior was 1
Tankan Small Non-Manufacturing Index Q1, 8
- expected 6, prior was 4
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Most of the results either at or below expectations. Another input that will increase market calls for an expectation of further BOJ easing and yen weakness.
And, of course, today is the day Japan hikes the sales tax from 5% to 8%.
