Japan: Tankan not as bad as expected – TDS

FXStreet (Delhi) – Prashant Newnaha, Rates Strategist at TD Securities, suggests that Japanese Q3 Tankan was not as bad as some feared with the headline index at 12 was a touch below consensus of 13, but the Non-Manufacturing index easily beat consensus (+20) and prior (+23) , ticking in at 25, the highest since the early 1990s.

Key Quotes

“Profitability rose to all-time highs in both manufacturing and non-manufacturing sectors, and projected capital spending rose picked up but output prices of large manufacturers reveals the Bank’s effort to lift inflation will fall short of the mark.”

Prashant Newnaha, Rates Strategist at TD Securities, suggests that Japanese Q3 Tankan was not as bad as some feared with the headline index at 12 was a touch below consensus of 13, but the Non-Manufacturing index easily beat consensus (+20) and prior (+23) , ticking in at 25, the highest since the early 1990s.

(Market News Provided by FXstreet)