Japan business mood improves, tankan survey shows

TOKYO, Oct 1 : Japanese business confidence improved in the three months to September, a quarterly central bank survey showed on Thursday, suggesting the economy was weathering the hit from the Middle East conflict and bolstering the case for more rate hikes.The data will be among factors affecting the Bank o


Business

Japan business mood improves, tankan survey shows

Japan business mood improves, tankan survey shows

An industrial port is pictured in Tokyo, Japan, May 23, 2019. REUTERS/Kim Kyung-Hoon

Read a summary of this article on FAST.

Get bite-sized news via a new
cards interface. Give it a try.

Click here to return to FAST
Tap here to return to FAST

FAST

TOKYO, Oct 1 : Japanese business confidence improved in the three months to September, a quarterly central bank survey showed on Thursday, suggesting the economy was weathering the hit from the Middle East conflict and bolstering the case for more rate hikes.

The data will be among factors affecting the Bank of Japan’s quarterly growth and inflation forecasts due later this month, which will offer clues on how soon it could raise interest rates again after a hike in September.

The headline index measuring big manufacturers’ business sentiment improved to +24 in September from +22 in June, the BOJ’s “tankan” survey showed, compared with market forecasts for a reading of +25.

An index measuring big non-manufacturers’ sentiment stood at +35 after a +37 reading in June. It compared with market forecasts for +36.

Guess Word

Guess Word
Crack the word, one row at a time


Buzzword

Buzzword
Create words using the given letters


Mini Sudoku

Mini Sudoku
Tiny puzzle, mighty brain teaser


Mini Crossword

Mini Crossword
Small grid, big challenge


Word Search

Word Search
Spot as many words as you can


Show More


Show Less

Companies expect inflation to hit 2.6 per cent three years from now and 2.5 per cent five years from now, the tankan showed, a sign firms see inflation staying well above the BOJ’s 2 per cent target for a prolonged period.

The BOJ raised interest rates to a 31-year high last month, with its governor signalling the central bank has entered a new phase focused on preventing inflation from overshooting its target, opening the door to further rate hikes.

Source: Reuters

Sign up for our newsletters

Get our pick of top stories and thought-provoking articles in your inbox

Inbox

Get the CNA app

Stay updated with notifications for breaking news and our best stories

Get WhatsApp alerts

Join our channel for the top reads for the day on your preferred chat app

Whatsapp

Get bite-sized news via a new
cards interface. Give it a try.

Click here to return to FAST
Tap here to return to FAST

FAST

Leave a Reply

Your email address will not be published. Required fields are marked *

About the Author

Easy WordPress Websites Builder: Versatile Demos for Blogs, News, eCommerce and More – One-Click Import, No Coding! 1000+ Ready-made Templates for Stunning Newspaper, Magazine, Blog, and Publishing Websites.

BlockSpare — News, Magazine and Blog Addons for (Gutenberg) Block Editor

Search the Archives

Access over the years of investigative journalism and breaking reports