Japan Big Manufacturers’ Mood Flat in Fragile Economic Recovery: BOJ Tankan

Confidence among big Japanese manufacturers was flat in the three months to September and service-sector sentiment worsened to its lowest in nearly two years, the Bank of Japan’s closely watched tankan survey showed on Monday, underscoring a fragile economic recovery.

Big firms plan to raise capital expenditure in the current fiscal year, the tankan survey showed, offering some relief to policy-makers hoping the Bank of Japan’s aggressive stimulus will boost business investment.

The results followed a mixed run of recent indicators, which highlighted doubts over whether years of massive money-printing are doing any good, as the central bank rebooted its monetary policy framework last month.


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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.