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

December 11, 2013 Share Print 0

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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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.