JAPAN DATA: The Bank of Japan Tankan quarterly business survey for
March was weaker than expected:
— Mar Tankan large manufacturers index -4 vs Dec -4
— Mar Tankan MNI survey median forecast -1
— June Tankan large manufacturers index forecast at -3
— Mar Tankan: FY12 total capex seen -1.3% vs +0.8% in FY11
— Mar Tankan: Big firms see FY12 capex flat vs +1.1% in FY11
— Mar Tankan: Small firms see FY12 capex -12.9% vs -8.5%