Reuters Tankan survey: Manufacturers index +6 in May, first positive reading this year

Reuters Tankan sentiment index for big manufacturers +6

• first positive reading this year
• is expected to rise further, to +8, in August

Service-sector index 25

• hit its highhest this year
• seen at 24 in August

The solid readings may further fuel speculation that the BOJ may embark on normalising its easing policy sooner rather than later. Offsetting this of course is Bank of Japan Governor Ueda repeatedly saying that inflation, supported by wage hikes, needs to track at a sustainable rate of 2% before the bank could consider an exit move.

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The Reuters tankan report is monthly and is aimed at pre-empting the Bank of Japan's own tankan report, which is quarterly

• It polls around 500 large- and mid-sized non-financial companies

jpy JPY The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by Read this Term

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