Japan’s Tankan Survey Shows Business Confidence and Spending Outlook Positive

A central bank survey out next week is expected to show Japanese business confidence improved in the three months to December as robust fiscal and household spending made up for soft exports — thanks to Premier Shinzo Abe’s stimulus policies.

The Bank of Japan’s quarterly “tankan” survey is also expected to show companies maintaining upbeat capital expenditure plans, according to a Reuters poll, reflecting their optimism over the outlook as the recovery gathers momentum.

Such readings will underscore the Bank of Japan’s view that the economy is recovering moderately and allow it to hold off on expanding stimulus in coming months, although some analysts warn of economic uncertainties next year.

via Reuters

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