BoJ official: CAPEX remains solid but need to see how coronavirus may impact CAPEX in June Tankan
|A BoJ official explained that the March Tankan shows CAPEX remains solid but need to see how coronavirus may impact CAPEX in June Tankan.
Key notes
Companies' CAPEX plans for fiscal 2020 may be slashed in June Tankan survey depending on degree of damage from coronavirus
Sentiment among big firms in hotel sector hit worst level since March 2004.
Roughly 70% of replies from firms surveyed in Tankan were collected by March 11.
Big manufacturers sentiment worsened at fastest rate since Dec 2012, big nonmanufacturers index fell at fastest pace since March 2009.
Big car manufacturers index at lowest level since June 2011, big ship manufacturers index at lowest level since March 2004, due to broad effects from coronavirus.
USD/JPY update
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.