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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF:BOJ March Tankan Shows Sentiment Drop On Energy, Yen
Japanese business sentiment broadly worsened from three months ago, hit by higher costs caused by higher imported energy costs and a weaker yen, the Bank of Japan's March Tankan business sentiment survey published on Friday showed.
The diffusion index for sentiment among major manufacturers stood at +14 in March, down from +18 in December and for the lowest level since June 2021. The median forecast was +12. The index is projected to fall to +9 in June, see: MNI SURVEY: BOJ March Tankan Survey To Show Weaker Corp Views.
The Tankan diffusion index is calculated by subtracting the percentage of companies reporting deteriorating business conditions from those reporting an improvement. A positive figure indicates the majority of firms see better business conditions. BOJ officials are now focused on revised capex plans in the the June Tankan with plans now mostly steady in the latest survey
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.