BoJ Tankan: Large Manufacturers Index Falls To +9 In Q2

Large manufacturing in Japan weakened in the second quarter of 2022, the Bank of Japan's quarterly Tankan Survey of business sentiment showed on Friday with a diffusion index score of +9.

That missed forecasts for a reading of +13 and was down from +14 three months ago.

The outlook came in at +10, missing expectations for +14 and up from +9 in the previous quarter.

Large all industry capex is now seen higher by 18.6 percent, beating forecasts for a gain of 12.0 percent and up sharply from 2.2 percent in the previous three months.

The large non-manufacturers index came in at +13, missing forecasts for +14 and up from +9 in the previous month. The outlook was +13, missing forecasts for +17 and up from +7 three months earlier.

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