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In December, confidence among Japanese manufacturers was steady, while service-sector sentiment rallied for a second straight month. That’s what the Reuters Tankan survey unveiled on Thursday. It definitely underscored steady economic surge powered by both domestic and external demand.
The monthly survey, tracking the BOJ’s closely-watched tankan quarterly poll, found that manufacturers' mood grew moderately from three months ago, while service-sector morale remained sturdy enough, indicating a sound reading in the approaching BOJ tankan.
Sturdy tankan outcomes should be quite encouraging for Japan’s key bank, which will scrutinize the poll readings, due December 15, during its policy gathering later this month. Market participants are expecting Japan’s major financial institution to maintain its current easing stance.
As for the sentiment index for manufacturers, it kept to 27, being intact from November having reached a decade-maximum of 31 in October.
Japan's average land prices managed to surge for the first time for 27 years in the year to July 1 because an influx of foreign tourists stimulated demand for shops and hotel properties…
US President Trump made a final decision concerning the US tariffs on Chinese imports…
The British pound tends to trade with high volatility as the Brexit deal remains cloudy. One day there’s a rumor of an agreement between Britain and the European Union and the next day it’s denied.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
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…
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