Tankan Large Manufacturing Diffusion Index (DI) 12

  • expected 15, prior was 17

Large Non-Manufacturing Index 19

  • expected 19, prior was 24

Large Manufacturing Outlook 15

  • expected 17, prior was 8

Large Non-Manufacturing Outlook 19

  • expected 20, prior was 13

Large All Industry Capex +7.4%

  • expected +6.0%, prior was +0.1%

Small Manufacturing Outlook 3

  • expected 1, prior was -6

Small Manufacturing Index 1

  • expected 0, prior was 4

Small Non-Manufacturing Outlook 0

  • expected 2, prior was -4

Small Non-Manufacturing Index 2

  • expected 2, prior was 8

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Previews are here:

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Some poor results in there and USD/JPY is up a fraction on the data:

  • Large manufacturers index worsens for first time in 6 quarters, matches low hit in September 2013
  • Non-manufacturers index worsens for first time in 6 quarters, it also hits lowest since September 2013

Looking on the bright side, capex intentions are at their highest since June of 2007

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The BOJ Tankan is available from here

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The Tankan’s sentiment indexes are derived by subtracting the percentage of respondents who say conditions are poor from those who say they are good. A positive reading means optimists outnumber pessimists.