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10 matches for "tankan survey":
The Tankan survey--published on Monday--points to still buoyant sentiment, a further tightening of the labour market, and building inflation pressures.
Japan's services PMI edged down to 52.0 in March, from 52.3 in February, taking the Q1 average to 52.0, minimally up from Q4's 51.9.
The rapidity with which the BoJ's QE programme has been scaled back is dramatic. Growth in the monetary base slowed to 15.6% year-over-year in September from 16.3% in August.
Japan's services sector PMI last week was disappointing.
Japan's manufacturing PMI rose to 53.3 in April, from 53.1 in March. The index weakened earlier this year, but remained at levels unjustified by the hard data.
We had expected the batch of Chinese data released at the end of last week to disappoint.
A firmer picture is emerging of how Japan's economy fared in Q3, in light of the latest slew of data for August.
Japan's preliminary GDP report for Q4 is out on Thursday, and we expect to see a punchy number.
Japan's headline CPI inflation is set to edge down in coming months, thanks to non-core prices.
The Tankan survey powered ahead in Q2, pulling away from Q1 and mostly beating consensus. This confirms our impression of the strength of the recovery ,just as Prime Minister Abe's Liberal Democratic Party is trounced at the polls in Tokyo. The drubbing is understandable as the main benefits of Abenomics have gone to the business sector, at the expense of the household sector.
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