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Free AccessMNI DATA SURVEY: BOJ March Tankan Sentiment, Capex Plans
TOKYO (MNI) - The following are the forecasts by economists polled by MNI
for the quarterly Bank of Japan Tankan business survey for March due out at 0850
JST on Monday, April 2 (2350 GMT on April 1).
On March 2, the BOJ said it had made slight revisions to previous Tankan
figures after conducting a routine shuffling of sample firms, which takes place
every few years, as well as introducing a new sampling method based on sales,
instead of the number of employees.
Data Median Forecast Previous Survey Previous Survey
--------------------------------------------------------------------------------
Old Formula New Formula
Large Mfg DI 26 25 26
Large Non-Mfg DI 24 23 25
Small Mfg DI 14 15 15
Small Non-Mfg DI 8 9 9
FY18 Capex by Big Firms (%) 0.6 n/a n/a
FY18 Capex by Small Firms (%) -19.4 n/a n/a
Sentiment Diffusion Index
-----------------------------------------------------------------------------
Large-mfg Large Non-mfg Small mfg Small Non-mfg
Median Forecast 26 24 14 8
High Forecast 27 26 15 10
Low Forecast 24 23 11 4
Previous Survey 26 25 15 9
No. of Responses 10 10 10 10
Mitsubishi Research 27 25 14 8
Fujitsu Research 26 24 15 9
Mizuho Research 26 23 14 8
Mitsubishi UFJ Research 26 26 14 9
BNP Paribas 26 25 13 8
Mitsubishi UFJ MS 25 24 15 9
Daiwa Research 25 25 13 8
SMBC Nikko 24 23 15 10
Japan Research 24 24 12 7
Sumitomo Mitsui AM 24 23 11 4
Fiscal 2018 Capex Plans (% y/y)
---------------------------------------------------------
Large firms Small firms
Median Forecast 0.6 -19.4
High Forecast 5.2 -15.5
Low Forecast -0.4 -22.0
Previous Survey n/a n/a
FY17 Plans in Mar 17 0.6 -22.6
No. of Responses 9 9
Mitsubishi Research n/a n/a
Fujitsu Research -0.1 -20.2
Mizuho Research 5.2 -21.2
Mitsubishi UFJ Research -0.4 -17.0
BNP Paribas 0.6 -18.6
Mitsubishi UFJ MS 4.4 -20.5
Daiwa Research -0.3 -18.5
SMBC Nikko 3.0 -15.5
Japan Research 0.9 -22.0
Sumitomo Mitsui AM 0.1 -19.4
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com
[TOPICS: MTABLE,MAJDA$,M$A$$$,M$J$$$]
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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.