Japan Reuters Tankan for March shows solid improvement for Manufacturing and Services
The monthly Reuters Tankan survey, a guide to the Bank of Japan's quarterly tankan survey, due on April 1.Confidence at big Japanese companies rebounded to a three-month high in Marchmanufacturers' sentiment index stood at plus 10 in March, versus minus 1 in the previous month gains in the auto industry, oil refining and chemicalsJune index is seen at +14Service-sector mood rose to a seven-month highsentiment rose to plus 32, from 26 in February June index is seen at +25***Reuters Tankan is a monthly survey that seeks to track the Bank of Japan's tankan quarterly surveyrespondents spoke on the condition of anonymityReuters Tankan indexes are calculated by subtracting the percentage of pessimistic respondents from optimistic ones. A positive reading means optimists outnumber pessimists. Poll canvassed 240 manufacturers and 258 non-manufacturers237 firms responded conducted March 6-15 This article was written by Eamonn Sheridan at www.forexlive.com.
The monthly Reuters Tankan survey, a guide to the Bank of Japan's quarterly tankan survey, due on April 1.
Confidence at big Japanese companies rebounded to a three-month high in March
- manufacturers' sentiment index stood at plus 10 in March, versus minus 1 in the previous month
- gains in the auto industry, oil refining and chemicals
- June index is seen at +14
Service-sector mood rose to a seven-month high
- sentiment rose to plus 32, from 26 in February
- June index is seen at +25
***
Reuters Tankan is a monthly survey that seeks to track the Bank of Japan's tankan quarterly survey
- respondents spoke on the condition of anonymity
- Reuters Tankan indexes are calculated by subtracting the percentage of pessimistic respondents from optimistic ones. A positive reading means optimists outnumber pessimists.
Poll canvassed 240 manufacturers and 258 non-manufacturers
- 237 firms responded
- conducted March 6-15
