Particle.news
Download on the App Store
3 ARTICLES
·
6mo ago

Japan's Big Manufacturers Maintain Steady Sentiment in Q3, Tankan Survey Shows

The Bank of Japan's latest tankan survey highlights steady optimism among big manufacturers and improved sentiment among non-manufacturers, signaling economic resilience.

Overview

  • Big manufacturers' sentiment index remained at +13 for the July-September quarter, consistent with the previous quarter.
  • Sentiment among large non-manufacturers improved slightly to +34, up from +33 in the previous quarter.
  • The survey results align with market forecasts and underscore the strength of domestic demand.
  • Japan's economy grew at an annual rate of 2.9%, driven by steady wage growth and consumer spending despite global economic challenges.
  • The Bank of Japan will consider the tankan survey in its upcoming monetary policy meeting on October 30-31, where fresh growth and inflation forecasts will be released.