Bank of Japan Q4 Tankan report:
Tankan Large Mfg Index: 12
- expected 13, prior was 13
Tankan Large Mfg Outlook: 9
- expected 13, prior was 13
Tankan Large Non-Mfg Index: 16
- expected 13, prior was 13
Tankan Large Non-Mfg Outlook: 15
- expected is 14, prior was 14
Tankan Large All Industry Capex: +8.9%
- expected is +8.1%, prior was +8.6%
Tankan Small Mfg Index: 1
- expected -2, prior was -1
Tankan Small Mfg Outlook: -5
- expected -2, prior was 0
Tankan Small Non-Mfg Index: -1
- expected -2, prior was 0
Tankan Small Non-Mfg Outlook: -4
- expected -2, prior was -1
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A mixed result for the larger firms surveyed, with some better data there and some worse. But for the smaller firms, poorer than expected on the whole. This fits with the indications we have been getting re the split between large and small firms in Japan for some time now.
