Japan Tankan Corporate Sentiment Gauge Misses Expectations
Tankan Large Manufacturer Index Holds at 6
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Japan’s large manufacturers don’t see business conditions getting any better, and they don’t see them getting any worse. At least for now.
Still, they remained more downbeat over the past quarter than expected, and the least optimistic in more than three years, underscoring the effects of a stronger currency and weak global growth. This will likely make it more challenging for the Bank of Japan to stoke inflation and revitalize the economy.