BOJ Q2 Tankan improves from Q1: Large Manufacturing outlook 9 (vs. 5 expected and prior 1)

<p>I posted a heads-up on this here, which includes a description of both the Bank of Japan and Reuters Tanakn reports:</p><ul><li><a href="https://www.forexlive.com/centralbank/bank-of-japan-q2-tankan-report-coming-up-soon-a-similar-indicator-has-been-much-improved-20230702/" target="_blank" rel="follow" data-article-link="true">Bank of Japan Q2 Tankan report coming up soon – a similar indicator has been much improved</a></li></ul><p>More:</p><ul><li>
June big manufacturers index +5(Reuters poll: 3), the first improvement for 7 quarters, highest since December 2022</li><li>Sept big
manufacturers index seen at +9(Reuters poll: 5)</li><li>June big
non-manufacturers index +23(Reuters poll: 22), improves for the 5th consecutive quarter, highest since June 2019</li><li>Sept big
non-manufacturers index seen at +20(Reuters poll: 21)</li><li>June small
manufacturers index -5(Reuters poll: -4)</li><li>Sept small
manufacturers index seen at -1(Reuters poll: -3)</li><li>June small
non-manufacturers index +11(Reuters poll: 10)</li><li>Sept small
non-manufacturers index seen at +7(Reuters poll: 7)</li><li>Japan all firms see
dollar averaging 132.43 yen for fy2023/24</li><li>Japan all firms see
euro averaging 140.11 yen for fy2023/24</li><li>Japan big
manufacturers see dollar averaging 131.55 yen for fy2023/24</li><li>June all firms
employment index -32</li><li>June all firms
financial condition index +11 vs march +9</li><li>June big
manufacturers' production capacity index +2 vs march +1</li><li>Japan big
manufacturers see fy2023/24 recurring profits -7.0%</li><li>Japan big firms see
fy2023/24 capex +13.4% (Reuters poll: 10.1%)</li><li>Japan small firms
see fy2023/24 capex +2.4% (Reuters poll: 3.7%)</li></ul><p>I'll have more to come on the Tankan separately. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.

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