The Q4 Bank of Japan Tankan Survey of manufacturing and service companies, designed to assess business conditions in Japan. The BOJ Tankan is conducted quarterly.
Due at 2350GMT
- Tankan Large Manufacturing Index, expected 18, prior was 19
- Tankan Large Non-Manufacturing Index, expected 21, prior was 22
- Tankan Large Manufacturing Outlook, expected 17, prior was 19
- Tankan Large Non-Manufacturing Outlook, expected 20, prior was 22
- Tankan Small Manufacturing Index, expected 13, prior was 14
- Tankan Small Non-Manufacturing Index, expected 9, prior was 10
- Tankan Small Manufacturing Outlook, expected 11, prior was 11
- Tankan Small Non-Manufacturing Outlook, expected 6, prior was 5
- Tankan Large All Industry Capex, expected 12.8%, prior was 13.4%
Q4 sentiment was negatively impacted by rising trade tensions, leading to concerns amongst Japanese exporters in particular. Also by the series of natural disasters in the country in September. In the background too are capacity constraints.
Check on the 'outlooks' though, they show a return of slightly more optimism.
While this report adds to our picture of developments in the economy and is useful information the impact on the yen from this release is usually little more than negligible.
