BOJ Tankan survey for Q2: Manufacturing and non-manufacturing indexes fall

The BOJ’s Tanki Keizai Kansoku Chousa (Tankan) reports on the Short-Term Economic Survey of Enterprises in Japan

The results are all a little poor, but the outlook is for improvement in Q3.

• June big manufacturers index +9(Reuters poll: 13)
• Sept big manufacturers index seen at +10(Reuters poll: 14)
• June big non-manufacturers index +13(Reuters poll: 14)
• Sept big non-manufacturers index seen at +13(Reuters poll: 17)
• June small manufacturers index -4(Reuters poll: -6)
• Sept small manufacturers index seen at -5(Reuters poll: -5)
• June small non-manufacturers index -1(Reuters poll: -2)
• Sept small non-manufacturers index seen at -5(Reuters poll: -1)

More:

• Japan all firms see dollar averaging 118.96 jpy JPY The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by Read this Term for FY2022/23
• Japan all firms see euro averaging 131.60 yen for FY2022/23
• June all firms employment index -24
• June all firms financial condition index +12 vs March +10
• June big manufacturers' production capacity index 0 vs march -2
• Japan big manufacturers see FY2022/23 recurring profits -7.9%
• Japan big firms see FY2022/23 capex +18.6% (reuters poll: 8.9%)
• Japan small firms see FY2022/23 capex -1.4% (reuters poll: -6.7%)
• Japan big manufacturers see dollar averaging 116.59 yen for FY2022/23