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- Japan large enterprises Tankan index increased in the fourth quarter
Japan large enterprises Tankan index increased in the fourth quarter
The index rose to its highest level since December last year. This index reflects the general business conditions for large Japanese manufacturing companies and is an economic indicator that is highly dependent on industry, causes the growth of export-oriented economy. The index value greater than 0 (zero - the middle line) is positive and the value of the indicator below the 0 - negative for the Japanese currency.
It also became known that the index of business activity in the Tankan services sector in the third quarter remained unchanged at 18, while analysts expected the growth rate to 19.
The index of expected capital investments increased by + 5.5%, lower than the previous value of 6.3% and economists' forecast of + 6.1% in the current fiscal year.
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