The Reuters Tankan is a monthly survey, ahead of the BOJ’s quarterly of the same name (due April 1).
Headlines via Reuters:
March manufacturers’ sentiment index +10 vs Feb +13
- Service-sector index +22, unchanged from Feb
- Business sentiment seen inching up ahead
- Reuters Tankan points to worsening BOJ tankan
The manufacturing index back to its lowest since Oct 2016
- confidence fell for a fifth straight month
“Our clients are turning cautions on capital expenditure due to the U.S.-China trade war, spreading protectionism and political jitters in emerging countries,” a manager of a machinery maker wrote in the survey.
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Reuters poll of 479 large- and mid-sized companies
- completed by 250 firms
- over the March 4-15