Sentiment Improving Among Big Japanese Manufacturers

Japan’s Tankan report showed big manufacturers’ sentiment beat expectations, with the index hitting a three-year high.

The Big Manufacturers Index for June came in higher than expected at +17, compared with a Reuters poll forecast for +15. That was up from +12 in the March survey.

The Big Manufacturers Index was expected to come in at +15 for September, above a Reuters forecast for +14.

The closely watched index, which can affect policy making, is a quarterly survey of Japanese businesses.

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.