Japan Business Sentiment - from a joint survey conducted by the Ministry of Finance and the Economic and Social Research Institute (an arm of the Cabinet Office) analysing business leaders' assessments of and forecasts for the economy
- Japan April-June (April-June is Q2) Big manufacturers' business sentiment index -11.1 (vs. Q1, January - March of -7.9). (The BSI measures the percentage of firms that expect the business environment to improve from the previous quarter minus the percentage that expect it to worsen.)
- The forecast from firms for the July - September quarter... the Big manufacturers' business sentiment index seen +7.0 (seen +7.1 in previous survey)
- Japan firms see 2016/17 capital spending +3.8% y/y (seen -6.6 % in the previous survey)
Main takeaways:
- Sentiment at large Japanese manufacturers worsened for the second consecutive quarter in April-June
- Companies revised up their capital expenditure plans
