JAPAN DATA: BOJ’s Tankan quarterly survey gauging business
sentiment among major Japanese manufacturers will show the first fall in
two quarters in December, according to the median forecast of eight
economists surveyed by Market News International. The headline major
manufacturers’ diffusion index is forecast to fall to -3 in December
from +2 in September, which would be the lowest since -9 in June.
Meanwhile, major non-manufacturers’ DI is forecast to rise to +2 in
December from +1 in September, which would be the highest since +3 in
March. The BOJ will release the outcome of its December Tankan survey at
0850 JST on Thursday, Dec. 15 (2350 GMT Wednesday).