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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.
JAPAN DATA
The Tankan report showed generally better economic conditions for Japan’s companies in Q3 and most of the data was stronger than expected as the recovery continues. The large manufactures’ index saw the second straight rise to 9 from 5 in Q2, the highest since Q2 2022, while the outlook rose to 10 from 9. Non-manufactures outperformed as they are more immune to uncertain global demand.
- Non-manufacturers’ conditions improved to 27 from 23, the strongest since 1991, while the outlook for Q4 rose 1 point to 21. Services businesses continue to benefit from pandemic-related pent up demand.
Tankan survey large company business conditions
Source: MNI - Market News/Refinitiv
- The weak yen is also supporting many industries as it is encouraging both domestic and foreign tourism and boosting goods exporters. For example, auto manufacturers saw strong results. USDJPY continues to approach 150 and is up 0.2% today to 149.62.
- Small companies were not as strong but reported robust readings, although pessimists outweigh optimists in the manufacturing sector with it holding steady at -5 with the outlook deteriorating 1 point to -2. Small non-manufacturers also outperformed though rising to 12 from 11 and the outlook to 8 from 7.
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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