Japan’s Tankan Large Manufacturing Index rises to 22 in Q2 vs. 16 expected
The Bank of Japan’s (BoJ) Tankan survey of business sentiment surged significantly past market forecasts in the manufacturing sector. Japan’s Tankan Large Manufacturing Index climbed to 22 in the second quarter (Q2) from 17 in the previous reading, stronger than the market expectation of 16.
Meanwhile, Japan’s Tankan Non-Manufacturing Index rose to 37 in Q2, versus 36 prior. This figure came in above the market consensus of 35.
Market reaction
At press time, the USD/JPY pair trades 0.06% higher at around 162.66.
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