The BOJ's Tankan is a survey of manufacturing and service companies designed to assess business conditions in Japan.
- Its conducted quarterly
- Results due today at 2350 GMT
Q3:
- Tankan Large Manufacturing Index, expected 18, prior was 17
- Tankan Large Manufacturing Outlook, expected 16, prior was 15
- Tankan Large Non-Manufacturing Index, expected 24, prior was 23
- Tankan Large Non-Manufacturing Outlook, expected 21, prior was 18
- Tankan Large All Industry Capex, expected 8.4%, prior was 8.0%
- Tankan Small Manufacturing Index, expected 8, prior was 7
- Tankan Small Manufacturing Outlook, expected 6, prior was 5
- Tankan Small Non-Manufacturing Index, expected 7, prior was 7
- Tankan Small Non-Manufacturing Outlook, expected 2, prior was 2
Since the Q2 report we've had 3 monthly Reuters Tankan reports, with swings and roundabouts but a general tone of improvement - and that is expected to be reflected in the quarterly Tankan today.
September Reuters Tankan
- Business mood seen down ahead amid global uncertainty, risks
- Reuters Tankan suggests BOJ tankan likely to hold steady
- Confidence at Japanese manufacturers rose to its highest level in a decade
- Manufacturers' sentiment at a decade-high peak
- Service-sector maintained its two-year high
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As for yen impact ... as with most Japanese data it's expected to be small/barely existent upon release. The results will go into the mix for the economic/policy outlook though.
