A beat for the 'headline' result
Tankan Large Manufacturing Index, 19. Matches Q3 and a beat of estimate.
- expected 18, prior was 19
Tankan Large Non-Manufacturing Index, 24. Beat here also, and ahead of Q3.
- expected 21, prior was 22
Tankan Large Manufacturing Outlook, 15. I thought the outlook might have improved. Nope.
- expected 17, prior was 19
Tankan Large Non-Manufacturing Outlook, 20, worsening from Q3.
- expected 20, prior was 22
Tankan Small Manufacturing Index, 14
- expected 13, prior was 14
Tankan Small Non-Manufacturing Index, 11
- expected 9, prior was 10
Tankan Small Manufacturing Outlook, 8
- expected 11, prior was 11
Tankan Small Non-Manufacturing Outlook, 5
- expected 6, prior was 5
Tankan Large All Industry Capex, 14.3%
- expected 12.8%, prior was 13.4%
While the results (outlooks) might be a tad disappointing compared to estimates and priors (not all of them of course) the results are still solid. Q1, Q2 and Q3 had all shown declines, the steadiness here is encouraging. As to are Capex intentions , up.
If you are looking to trade yen off the results, dunno what to tell you, there is barely any response (not unusual from Japanese data releases).
