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MNI: BOJ Tankan To Show Steady Sentiment, Solid Capex Plans

(MNI) Tokyo
(MNI) TOKYO

Next week's BOJ Tankan will likely show slight improvements in sentiment and a downward revision to capex, according to economists.

The Bank of Japan's December Tankan quarterly survey due next week will show a slight improvement to business sentiment among smaller and major firms, and while capital investment plans are expected to fall, they remain solid compared to recent weak implementation, economists told MNI.

The diffusion index (DI) for sentiment among major manufacturers will likely rise to +10 in December from +9 in September, according to the economists. A positive figure indicates the majority of firms see better business conditions.

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The Bank of Japan's December Tankan quarterly survey due next week will show a slight improvement to business sentiment among smaller and major firms, and while capital investment plans are expected to fall, they remain solid compared to recent weak implementation, economists told MNI.

The diffusion index (DI) for sentiment among major manufacturers will likely rise to +10 in December from +9 in September, according to the economists. A positive figure indicates the majority of firms see better business conditions.

Keep reading...Show less