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MNI DATA SURVEY: BOJ March Tankan Business Sentiment Survey

MNI (London)
     TOKYO (MNI) - The following are the median economist forecasts for the Bank
of Japan's quarterly Tankan business sentiment survey for March due out on
Monday, April 1.
     Monday, April 1, 0850 JST (2350 GMT Mar. 31, Sunday):
Data  Median Forecast  Previous Survey
--------------------------------------
Large Mfg DI             14   19
--------------------------------
Large Non-Mfg DI         22   24
Small Mfg DI             10   14
Small Non-Mfg DI          9   11
Capex by Big Firms     -0.7  n/a
Capex by Small Firms  -19.8  n/a
                         Sentiment Diffusion
                                       Index
--------------------------------------------------------------------------------
                                                    Large    Small         Small
                                   Large Mfg      Non-mfg      Mfg       Non-mfg
Median Forecast                           14           22       10             9
High Forecast                             16           24       13            11
Low Forecast                              11           20        8             8
Previous Survey                           19           24       14            11
No. of Responses                           8            8        8             8
Mitsubishi UFJ R&C                        16           24       11             9
Mitsubishi Research                       15           24       13            11
Mizuho Research                           15           23       11            10
BNP Paribas                               14           20        9             9
SMBC Nikko                                13           22        9             9
Japan Research                            13           22       11             9
Sumitomo Mitsui AM                        11           22        8             8
Mitsubishi UFJ Morgan
Stanley                                   11           21        8             9
     Fiscal 2019 Capex Plans (% y/y)
                               Large Firms  Small Firms
-------------------------------------------------------
Median Forecast                       -0.7        -19.8
High Forecast                          1.2        -13.1
Low Forecast                          -3.5        -22.8
Previous Survey                        n/a          n/a
No. of Responses                         7            7
Mitsubishi UFJ R&C                    -0.7        -16.9
Mitsubishi Research                    1.2        -20.9
Mizuho Research                       -2.0        -20.0
BNP Paribas                            n/a          n/a
SMBC Nikko                            -0.9        -22.8
Japan Research                         0.4        -17.5
Sumitomo Mitsui AM                     0.5        -19.8
Mitsubishi UFJ Morgan Stanley         -3.5        -13.1
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: M$A$$$,M$J$$$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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