Bank of Japan Q2 survey of business - recap of the Tankan

The BOJ survey results were out earlier, main headlines here:

• BOJ Tankan Q2: Large Manufacturers Index 14 (vs. expected 15)

and:

• BOJ official on the Tankan - noting impact of semi shortage on auto manufacturing

Reuters have posted a recap of the report:

• The headline index for big manufacturers' sentiment ... improving for the fourth consecutive quarter and hitting the highest level since December 2018
• Non-manufacturers' mood also improved ... to reach its highest index reading since March 2020, as goods distribution and leisure industries saw activity gradually resume after disruption caused by COVID-19

In two weeks we'll get the next decision from the BOJ, July 15 / 16 monetary policy meeting. This meeting is notable as the Bank will provide updated forecasts (for inflation and other indicators).