Masaki Kuwahara, Research Analyst at Westpac, suggests that they expect the current conditions DI in the Economy Watchers Survey of Japan to rise and the future conditions DI to fall slightly.
“We expect the current conditions DI to rise and the future conditions DI to fall slightly. The economy is solid overall and we see no convincing reason to expect sentiment to deteriorate. We expect the current conditions DI in November to rise from the October level, when it was weighed down by the one-off negative impact from the typhoons. In terms of the future conditions DI, we would not be surprised by a small decline from the October level, when there was a sharp 3.9 m-o-m rise, since the increase in share prices has slowed since the beginning of November.”
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