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- Japanese large manufacturers' sentiment improves less than expected in Q3 - BoJ Tankan Survey
Japanese large manufacturers' sentiment improves less than expected in Q3 - BoJ Tankan Survey
The Bank of
Japan's (BoJ) business sentiment survey, known as the Tankan, revealed on
Thursday the big Japanese manufacturers' sentiment improved somewhat over the third
quarter. According to the survey, the headline index for large manufacturers'
sentiment rose to -27 in the third quarter from the previous quarter's reading
of -34. This was worse than economists’ forecast of -23.
Meanwhile,
sentiment in the non-manufacturing sector recovered to -12 in the September
quarter from -17 in the previous quarter. Economists had expected -9.
The survey also
showed that both big manufacturers and non-manufacturers forecast business
conditions to recover further in the next three months. The outlook index among
manufacturers came in at -17 and that in non-manufacturing at -11.
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