Reuters Japan Tankan for February: Manufacturing index +3 (prior -1)

The monthly Reuters Tankan is intended to be a guide to the quarterly BOJ Tankan

• February manufacturers' sentiment index +3 vs January -1, first positive since the middle of 2019
• Manufacturers' mood positive for 1st time since July 2019
• Service-sector index -7 in February vs January -11

The background to this in Japan is improving overseas demand though emergency pandemic measures covering Tokyo and other cities hit domestically.

More:

• index for manufacturers seen recovering to 8 in May
• non-manufacturers' index expected to be flat in May