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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.

Japanese Tank Report Reached a Three-year High in June

July, 03 2017
watermark Economic news

The Japanese Tankan report manifested a positive data as big manufacturers sentiment has exceeded expectations with the index reaching a three-year high. The Big Manufacturers Index came in better-than-expected up by +17 compared to the +15 forecast of Reuters. It increased up to +12 from the poll collected in March. Meanwhile, it is anticipated to reach +15 for the month of September which is higher than the +14 prediction. This index is being monitored closely as it is part of policy making based on a survey of Japanese businesses.

 

Other sectors also have shown good progress and large manufacturers in particular shown more prominent growth. The BOJ increased its economic analysis as the GDP forecast grew by 1.6 percent for the 2017-2018 fiscal year from 1.5 percent forecasted in January. However, the core consumer price index (CPI) rose to 1.4 percent from 1.5percent in the same duration.

 

Overall, the BOJ remains firm in improving inflation and will proceed with a dovish stance until the target 2 percent inflation has been exceeded in a steady pace.


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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.