Bank of Japan Tankan Survey of manufacturing and service companies, designed to assess business conditions in Japan. April -June quarter of 2018:
Tankan Large Manufacturing Index, 21
- 2nd straight fall, albeit a small one. This is the first two quarters in a row decline since December of 2012
- expected 22, prior was 24
Tankan Large Manufacturing Outlook, 21
- expected 20, prior was 20
Tankan Large Non-Manufacturing Index, 24
- expected 23, prior was 23
Tankan Large Non-Manufacturing Outlook, 21
- expected 22, prior was 20
Tankan Small Manufacturing Index, 14
- expected 15, prior was 15
Tankan Small Manufacturing Outlook, 12
- expected 11, prior was 12
Tankan Small Non-Manufacturing Index, 8
- expected 9, prior was 10
Tankan Small Non-Manufacturing Outlook, 5
- expected 7, prior was 5
Tankan Large All Industry Capex, 13.6%
- expected 9.3%, prior was 2.3%
A few disappointments in this survey. Not terribly bad, just on the soft side. No immediate forex impact but do take note of the results for background on the economy
---
The BOJ Tankan is conducted quarterly.