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BoJ March Tankan: Big Manufacturers index -8 (Reuters poll: -10)

BoJ March Tankan has arrived and the Big Manufacturers index came in at -8 (Reuters poll: -10).

Key notes

  • Big Manufacturers index three months ahead seen at -11 (Reuters poll: -14).
  • Big Non-manufacturers index +8 (Reuters poll: +6).
  • Big Non-manufacturers index three months ahead seen at -1 (Reuters poll: +2).
  • Japan big firms see capex +1.8 pct this FY (Reuters poll: -1.1%).
  • Japan small firms see capex -11.7 pct this FY (Reuters poll: -16.3%).
  • Small manufacturers index -15 (Reuters poll: -17).
  • Small manufacturers index three months ahead seen at -29 (Reuters poll: -23).
  • Small non-manufacturers index -1 (Reuters poll: -7).
  • Small non-manufacturers index three months ahead seen at -19 (Reuters poll: -15).
  • Japan big manufacturers see dollar averaging 107.98 yen this FY.

More to come...

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