BoJ Tankan: Large Manufacturing Index Slips To +8

Large manufacturing in Japan weakened in the third quarter of 2022, the Bank of Japan's quarterly Tankan Survey of business sentiment showed on Monday with a diffusion index score of +8.

That missed forecasts for a reading of +11 and was down from +9 three months ago.

The outlook came in at +9, also missing expectations for +11 and down from +10 in the previous quarter.

Large all industry capex is now seen higher by 21.5 percent, up from 18.6 percent in the previous three months.

The large non-manufacturers index came in at +14, beating forecasts for +13, which would have been unchanged. The outlook was +11, missing forecasts for +15 and down from +13 three months earlier.

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