The Wall Street Journal notes five initial takeaways from the BOJ Tankan survey (the article is not-gated):
- The best reading in two years
- Stronger capex this fiscal year
- First report card for Kuroda – Kuroda is likely to breathe a sigh of relief
- More good news for Abe – The tankan results are the latest in a series of indicators suggesting that Japan’s economy is continuing to pick up
- No policy change seen.
