BOJ Business Sentiment Survey Unchanged in Q3

October 3, 2016 Share Print 0

The Bank of Japan’s (BOJ) closely watched business sentiment survey, known as the Tankan, revealed the mood among big manufacturers was unchanged during the third quarter. But the Japanese market rose, signaling relief that sentiment had at least not worsened.

Released before the market open on Monday, the headline index showed sentiment among large manufacturers at plus-6 points, flat on the previous quarter’s reading and below a Reuters forecast for plus-7 points. For the fourth quarter, the BOJ anticipated sentiment would remain steady at plus-6.

via CNBC

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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.