The Bank of Japan Tankan report for the third quarter of 2018 (July to September)
Tankan Large Manufacturing Index, 19, missing estimate and under Q2
- expected 22, prior was 21
Tankan Large Non-Manufacturing Index, 22
- expected 23, prior was 24
Tankan Large Manufacturing Outlook, 19
- expected 20, prior was 21
Tankan Large Non-Manufacturing Outlook, 22
- expected 21, prior was 21
Tankan Small Manufacturing Index, 14
- expected 13, prior was 14
Tankan Small Non-Manufacturing Index, 10
- expected 6, prior was 8
Tankan Small Manufacturing Outlook, 11
- expected 12, prior was 12
Tankan Small Non-Manufacturing Outlook, 5
- expected 4, prior was 5
Tankan Large All Industry Capex, 13.4%
- expected 13.9%, prior was 13.6%
BOJ comments on the survey results:
- trade tensions are not having a big impact on sentiment but could be a weight on the outlook
- bad weather, natural disasters and raw material cost rising is largely what is behind the decline in sentiment
The Bank of Japan's survey of manufacturing and service companies. the Tankan is aimed at assessing business conditions in Japan and is conducted quarterly.
