BOJ Tankan manufacturing preview – Nikkei QUICK survey
|Nikkei group member QUICK compiled projections from 12 financial institutions and experts for the March BOJ Tankan manufacturing survey due next Monday.
Key findings from the survey:
Median projected March diffusion index for major manufacturers was +15, up 5 points from December
Would mark the biggest improvement since September 2013
And the highest level since June 2015
But the projection is less rosy for how manufacturers see conditions three months down the road in June, coming in 2 points below March at positive 13
Nonmanufacturing-sector diffusion index is seen improving 1 point from the December reading to positive 19
USD/JPY back on the offers, testing 110.50
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