I posted on the data here: Bank of Japan Tankan (Q3): Large Manufacturing Index 22 (vs. expected 18)
- And also on the USD/JPY outlook buried in the report: The BOJ Tankan also includes an outlook on USD/JPY (109.29 vs. 108.31)
For a little more, recaps via:
Bloomberg: Japan's Manufacturing Confidence Touches a Decade High
- A weak yen and a stronger global economy have fueled record profits in Japan, even as trade tensions and North Korea's nuclear program have clouded the outlook.
- While Abe's Liberal Democratic Party is expected to win a parliamentary election set for Oct. 22, the margin will be important to his quest for constitutional revision.
- The longest economic expansion in a decade has raised sentiment, but many households are still waiting for companies to turn those profits into significant pay increases.
Financial Times: Japanese manufacturing reaches 10-year high in Tankan survey
(FT might be gated)
Reuters: Japan big manufacturers' mood improves in third quarter: BOJ tankan
- Japanese big manufacturers' business confidence improved ... underscoring the central bank's rosy economic view
