RTRS Poll: BOJ Tankan set to show improved business confidence; CPI seen rising
|The latest Reuters poll on the upcoming Japanese CPI and Tankan manufacturing indices, showed that the BOJ’s June Tankan is expected to show improved manufacturing sector confidence, while CPI figures are expected to accelerate.
Key Points via Reuters:
A Reuters poll of 16 economists found the Bank of Japan's quarterly tankan business sentiment survey is expected to show the headline index for big manufacturers' sentiment rising 3 points to plus 15 in June from three months ago.
That would be the third straight quarterly rises, matching the level seen in the June 2015 survey and highest since March 2014 when the index stood at plus 17.
The poll found the big non-manufacturers' sentiment index would rise 3 points to plus 23 in June, which would be the highest level since December 2015 when the index was at plus 25.
Business confidence among big manufacturers was seen likely worsen slightly to plus 14 in the coming quarter, while non-manufacturers' morale is seen deteriorating to plus 20, the poll found.
The survey found that big firms will plan to raise their capital spending in this fiscal year by 7.4 percent, upgrading from 0.6 percent in the March survey.
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.