AnnouncedQuarterly, near current quarter end
DescriptionThis survey of the largest manufacturers in Japan is conducted by the central bank with a view to shaping monetary policy. The Tankan is a bellwether for the health of the Japanese economy. The main component is the Large Manufacturers Index, since Japan’s economy is heavily export-driven. The survey uses zero as the midpoint, so the higher a positive reading, the stronger the sentiment. Likewise, the more negative a reading, the weaker the sentiment. There is also an outlook for large manufacturers in the coming quarter. Another key component of the Tankan measures capital expenditure of all Japanese industries excluding financial services.
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