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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.
On Thursday, American leader Donald Trump unveiled that he generally disliked the Fed’s decision to have interest rates lifted, telling that he was concerned about their probable impact on the American economy as well as American competitiveness…
Inflation data is the most important indicator that affects the central bank’s monetary policy.
Although yesterday the US dollar index closed at the low level comparing to the daily movement, today it has been moving up again.
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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