The Bank of Japan released Japan's Tankan index and outlook for the
Q1 of 2013. Soft figures all round, the indices and outlook show an
improvement over Q4 2012 but all below expectations. The Capex figure is
just awful.
The large manufacturing outlook in at -1 (expected
was +1, prior were -10). Large Manufacturers Index comes in at -8 (worse
than expectations of -7) prior were -12.
The Non-manufacturing
index comes in at 6 (vs. expectations of 8) prior was 4,
non-manufacturing outlook in at +9 (vs. 11 expected and prior of 3).
Tankan large all Industry capex in at-2.0%, far below expectations at
+5.0% and a prior read of +6.8%.
Source by Commodity Insights
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