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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Positive Data Buoys Up Japanese Factory Sector's Confidence

June, 20 2017
watermark Economic news

Japanese manufacturers confidence rating rallied this month reaching the record level high in April and it is anticipated to further increase in succeeding months indicating according to the poll of Reuters. This is an indicator of economic recovery.

 

The mood of service industry also surged to a two-year high implication of improving confidence even though it is contradicting to the survey of Reuters Tankan which described credence to be declining in the next three months.

 

Most indicators and business activity indicated positive data on exports and factory production but the wage growth and household expenditure have slow growth amid tightening job market.

 

This prompted the central bank to keep its monetary policy unchanged on Friday while the private consumption increased for the first time within six months as the economy gains momentum particularly exports.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.