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20 Mar 2015
Slight upbeat March BOJ Tankan expected - Nomura
FXStreet (Bali) - Nomura expects a slight improvement for the March 2015 BOJ Tankan survey, scheduled for release on 1 April.
Key Quotes
"We have drawn up estimates for the March 2015 BOJ Tankan survey, scheduled for release on 1 April. We think that the current business conditions DI for large manufacturers, a component of the Tankan watched closely by the market, will come in at +14, up 2 versus the December 2014 survey."
"While industrial production could well rise q-q for a second straight quarter in 2015 Q1, surveys such as the Reuters Tankan, which exhibits a strong correlation with the BOJ Tankan (conducted over 3–16 March, 255 out of 400 companies replied), show only a modest improvement in business sentiment within the manufacturing sector."
"The Reuters Tankan also gave voice to some respondents complaining about the negative impact of yen depreciation. This notwithstanding, we think that manufacturing activity will continue to grow, and also expect the future conditions DI for large manufacturers to improve modestly to +16, 2 higher than the current conditions DI."
Key Quotes
"We have drawn up estimates for the March 2015 BOJ Tankan survey, scheduled for release on 1 April. We think that the current business conditions DI for large manufacturers, a component of the Tankan watched closely by the market, will come in at +14, up 2 versus the December 2014 survey."
"While industrial production could well rise q-q for a second straight quarter in 2015 Q1, surveys such as the Reuters Tankan, which exhibits a strong correlation with the BOJ Tankan (conducted over 3–16 March, 255 out of 400 companies replied), show only a modest improvement in business sentiment within the manufacturing sector."
"The Reuters Tankan also gave voice to some respondents complaining about the negative impact of yen depreciation. This notwithstanding, we think that manufacturing activity will continue to grow, and also expect the future conditions DI for large manufacturers to improve modestly to +16, 2 higher than the current conditions DI."