BOJ Q2 Tankan improves from Q1: Large Manufacturing outlook 9 (vs. 5 expected and prior 1)

I posted a heads-up on this here, which includes a description of both the Bank of Japan and Reuters Tanakn reports:

More:

  • June big manufacturers index +5(Reuters poll: 3), the first improvement for 7 quarters, highest since December 2022
  • Sept big
    manufacturers index seen at +9(Reuters poll: 5)
  • June big
    non-manufacturers index +23(Reuters poll: 22), improves for the 5th consecutive quarter, highest since June 2019
  • Sept big
    non-manufacturers index seen at +20(Reuters poll: 21)
  • June small
    manufacturers index -5(Reuters poll: -4)
  • Sept small
    manufacturers index seen at -1(Reuters poll: -3)
  • June small
    non-manufacturers index +11(Reuters poll: 10)
  • Sept small
    non-manufacturers index seen at +7(Reuters poll: 7)
  • Japan all firms see
    dollar averaging 132.43 yen for fy2023/24
  • Japan all firms see
    euro averaging 140.11 yen for fy2023/24
  • Japan big
    manufacturers see dollar averaging 131.55 yen for fy2023/24
  • June all firms
    employment index -32
  • June all firms
    financial condition index +11 vs march +9
  • June big
    manufacturers’ production capacity index +2 vs march +1
  • Japan big
    manufacturers see fy2023/24 recurring profits -7.0%
  • Japan big firms see
    fy2023/24 capex +13.4% (Reuters poll: 10.1%)
  • Japan small firms
    see fy2023/24 capex +2.4% (Reuters poll: 3.7%)

This article was written by Eamonn Sheridan at www.forexlive.com. Source