Bank of Japan survey of business

  • Tankan Large Mfg Index 5: expected 1, prior was 7
  • Tankan Large Mfg Outlook 2: expected 0, prior was 7
  • Tankan Large Non-Mfg Index 21: expected 20, prior was 23
  • Tankan Large Non-Mfg Outlook 15: expected 16, prior was 17

Generally beats for the larger firms , but results down from Q2.

Capex indications not so strong.

  • Tankan Large All Industry Capex6.6%: expected 7.0%, prior was 7.4%

Smaller firms not faring as well as the big 'Japan Inc.' firms.

  • Tankan Small Mfg Index -4: expected -6, prior was -1
  • Tankan Small Mfg Outlook-9: expected -8, prior was -5
  • Tankan Small Non-Mfg Index 10: expected 8, prior was 10
  • Tankan Small Non-Mfg Outlook 1: expected 1, prior was 3

Once again yen doing pretty much nothing.

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The Bank of Japan Tankan report is a survey of manufacturing and service companies designed to assess business conditions in Japan

  • conducted quarterly.