Japan Manufacturer Sentiment Climbs to 22, Highest Since 2018
Updated
Updated · Bloomberg · Jul 1
Japan Manufacturer Sentiment Climbs to 22, Highest Since 2018
3 articles · Updated · Bloomberg · Jul 1
Summary
Japan’s large-manufacturer sentiment index rose to 22 in June from 17, the BOJ’s quarterly Tankan showed, beating every estimate in a Bloomberg survey of economists.
The stronger reading marked the highest confidence level since 2018 and came with record inflation expectations, reinforcing the Bank of Japan’s case for further interest-rate increases.
The survey adds fresh evidence that corporate conditions remain resilient enough for the BOJ to keep normalizing policy even as higher borrowing costs gradually return.