Japan's Biggest Manufacturers Are Less Pessimistic Than We Thought

Japan’s Tankan survey, a quarterly gauge of business sentiment, improved to -1 in June from -4 in March.

Economists were looking for a reading of -4 for June.

A reading above 0 means optimistic businesses outnumber pessimistic businesses.  So the reading suggests that Japan’s large manufacturers are less pessimistic than expected.

Meanwhile, Japan’s Nikkei stock index futures are looking up.

Here’s a breakdown of the large enterprises component of the Tankan survey.

tankan survey

Photo: Tankan

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