Bank of Japan Tankan

Inflation Worries Continue to Rattle Financial Markets

October 1, 2021

The week-long Chinese national holiday began Friday, but elsewhere in the Pacific Rim equities closed down 2.3% in Japan, 2.2% in Taiwan, 2.0% in Australia, 1.7% in South Korea and 1.2% in Singapore. Share prices so far in the U.K., Germany, France, Spain, Italy, and Switzerland have lost 0.6-1.0% on this first trading day of […] More

No Fooling: Today’s Economic Data Show Improvement but Covid Cases on the Rise Too

April 1, 2021

On this opening day of April, the dollar is unchanged against the yen, sterling and New Zealand dollar. The greenback has dipped 0.1% versus the euro and fallen 0.8% against the Turkish lira and 0.5% vis-a-vis the Mexican peso, but the dollar also has risen 0.3% against the Chinese yuan and Canadian dollar, 0.2% versus […] More

U.S. Tax Plan Creating Uncertainty

December 15, 2017

Markets are taking a breather. To paraphrase Yogi, the attempted overhaul of U.S. federal taxation ain’t done until it’s done, and uncertainty over whether a plan will be approved next week, the content of such a deal and its likely economic effects has caused investors to pause from their earlier euphoria. The dollar shows losses […] More

Last Meaningful Week of 2015

December 14, 2015

A lot of information including a likely first federal funds rate hike since June 2006 will be crammed into this third week of December. ┬áSuch will clear the decks for the end-of-year holiday season, and trading desks will be closing their 2015 books. ┬áBack in the day, there was no more consistent reliable bias in […] More

Tankan Survey, PMIs, Greece, and an Approaching U.S. Holiday

July 1, 2015

The dollar began the second half of 2015 on its front foot, firming 0.7% against the Swiss franc, 0.4% versus the yen, 0.3% relative to sterling, 0.2% vis-a-vis the loonie and euro and 0.1% against the Australian dollar. The yuan is unchanged, and the New Zealand dollar edged 0.1% higher against its U.S. counterpart. In […] More

Bank of Japan Tankan Survey

April 1, 2013

The diffusion indices in the table below represent the number of surveyed corporations that considered economic conditions favorable minus the number considering such unfavorable.  Negative readings indicate a balance of pessimism, and positive readings show net optimism.  The column labeled Bm comprises big manufacturers.  Bnm represents big non-manufacturers.  Sm are the small manufacturers, and the […] More

Bank of Japan Tankan Survey Results a Mixed Bag

June 30, 2011

10,997 companies participated in the latest quarterly survey of Japan’s central bank.  In the table below which documents the evolution of results, abbreviations used in the first four columns of data stand for big manufacturers (Bm), big non-manufacturer (Bnm), small manufacturers (Sm) and small non-manufacturers (Smn).  Where no “a” or “f” suffix is shown after […] More