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Sentiment Improving Among Big Japanese Manufacturers

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Japan’s Tankan report showed big manufacturers’ sentiment beat expectations, with the index hitting a three-year high.

The Big Manufacturers Index for June came in higher than expected at +17, compared with a Reuters poll forecast for +15. That was up from +12 in the March survey.

The Big Manufacturers Index was expected to come in at +15 for September, above a Reuters forecast for +14.

The closely watched index, which can affect policy making, is a quarterly survey of Japanese businesses.

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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