Japan's quarterly Business Sentiment Index (BSI) for Q3 shows improvement over Q2

Author: Eamonn Sheridan | Category: News

A four times a year guide to business assessments and forecasts for the economy.

The most focus is upon the 'Large All Industry' and 'Large Manufacturing' results

Large All Industry, 5.1

  • prior was -2.0 points

BSI Large Manufacturing,  9.4

  • expected was +5.0 points, prior was -2.9
A positive sign for the Japanese economy. I'd read it as a negative input for the yen, but despite the signs of improvements in the Japanese economy arguing for less need for such extreme policy accommodation, I reckon the Bank of Japan may need to modify its inflation target before reducing accommodation much.

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  • This survey analyzes business leaders' assessments of and forecasts for the economy
  • Its purpose is to get basic information for keeping track of economic trends
  • It covers about 15,000 companies that have established their headquarters or principal offices in Japan and have capital stock of 10 million yen or more