An improvement in the privately conducted survey in May
Reuters Tankan
- Japanese manufacturers index +12 in May vs +8 in April
- Non-manufacturers index +27 in May vs +24 in April
- Manufacturers August index seen at +15, non-manufacturers +26
More highlights:
- manufacturers index up for the first time in seven months
- nearly two-thirds of companies saw growth remaining flat in the second quarter, nearly two-fifth saw it slowing and just 17 percent saw it accelerating
- 82 percent of firms say the economy is not fully prepared for the higher sales tax due in October
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This monthly poll tracks the Bank of Japan's tankan quarterly survey.