Tankan Points to GDP Drop as Bonds Signal Rebound: Japan Credit
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Japanese bond yields are rising the most since June 2008 as traders look toward faster global growth just when the nation’s economy shows signs of starting to contract.
The Bank of Japan’s December Tankan report will show an index of sentiment among large manufacturers dropped for the first time in seven quarters, sliding to 3 from 8 in September, according to the median forecast of 20 economists in a Bloomberg News survey before tomorrow’s announcement. Data for October showed industrial output fell by the most since February 2009, export growth slowed and the jobless rate rose.