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Survey by Japan’s Central Bank Shows Business Sentiments Are up for Sixth Straight Month – WTOP News
Large manufacturers’ sentiment rose to +24, and firms’ inflation expectations stayed above the Bank of Japan’s 2% target, supporting more rate hikes.
- On Thursday, the Bank of Japan released its quarterly Tankan survey, showing large manufacturers' sentiment rose to 24 from 22 in September, marking the sixth consecutive quarter of improvement.
- While manufacturer confidence improved, the index for large non-manufacturers fell to 35 from 37, even as robust global AI demand cushions fallout from the Middle East conflict.
- Corporate inflation expectations remain above the Bank of Japan's 2 per cent target, with firms projecting 2.5 per cent five years ahead, supporting the central bank's case for further rate hikes.
- Thursday's survey reinforces market expectations that the Bank of Japan will raise rates by December, with former BOJ executive director Kazuo Momma estimating a 30 per cent chance of a hike.
- Japan faces long-term structural hurdles including an aging society and labor shortages, as the Bank of Japan attempts to normalize monetary policy after decades of keeping interest rates near zero.
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Survey by Japan's central bank shows business sentiments are up f
TOKYO (AP) — The Bank of Japan gave a positive read on the economy in its quarterly “tankan” survey Thursday, reporting large manufacturers’ sentiment rose to 24 from 22. The report, widely viewed as a key indicator
·Baltimore, United States
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The Seattle Times
The Seattle TimesSurvey by Japan’s central bank shows business sentiments are up for sixth straight month
TOKYO (AP) — The Bank of Japan gave a positive read on the economy in its quarterly “tankan” survey Thursday, reporting large manufacturers’ sentiment rose to 24 from 22. The report, widely viewed as a key indicator on Japan ’s economic vitality, said the sentiment among large non-manufacturers fell to 35 from 37. The survey...
Coverage Details
Total News Sources18
Leaning Left2Leaning Right3Center7Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 17%
C 58%
R 25%
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