BOJ Tankan Likely to Show Improvement in Manufacturers' Sentiment
Dow Jones
Yesterday
0707 GMT - The Bank of Japan's tankan corporate survey due Thursday morning will likely show an improvement in manufacturers' sentiment despite headwinds such as Middle East uncertainties and a weak yen. The diffusion index measuring the mood among large manufacturers is expected to stand at +25 in the September survey, up from +22 three months ago, according to a poll of economists by data provider Quick. "Following the September policy meeting, BOJ Gov. [Kazuo] Ueda noted a shift in the policy landscape and signaled that the central bank could raise interest rates more rapidly than in the past. The latest tankan results appear set to back that view," says Mizuho Securities economist Ryosuke Katagi.
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