Japan Big Manufacturers’ Mood down in Q1 – BOJ Tankan

April 1, 2016 Share Print 0

Confidence at big Japanese manufacturers worsened in the three months to March and is seen falling further ahead, a closely watched central bank survey showed on Friday.

The headline index for big manufacturers’ sentiment stood at plus 6 in March, down from plus 12 seen three months ago, the Bank of Japan’s quarterly “tankan” survey showed.

That compared with the median estimate of plus 8 in a Reuters poll of economists.

Reuters

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Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA

Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.