Japan business mood improves as revival broadens

Japan business mood improves as revival broadens

Japanese big manufacturers' business confidence definitely improved for a second straight quarter to reach a one-and-a-half year peak in March, as a closely watched central bank poll revealed. That’s a sing that the benefits of an export-driven economic revival were broadening.

Service-sector sentiment surged for the first time in six quarters and companies remained upbeat on their capital expenditure plans, as the Bank of Japan's "tankan" poll disclosed, thus giving a hope that the economic revival will gain momentum in coming months.

While separate PMI data highlighted a moderate slowdown in manufacturing activity in March, the positive tankan backs a dominant market view that the major bank's next policy move would be to tame rather than expand its monetary stimulus.

Additionally, the headline index, assessing big manufacturers' business sentiment added to +12 in March from +10 three months ago, as the tankan revealed on Monday. 

 

Similar

Trade on the Canadian economic data

The Canadian dollar has chances to keep trading at good levels. According to the recent statement of the Bank of Canada, the country’s economic data are in line with the forecasts.

cad

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera