Japan large manufacturing expands in Q1

Donnerstag, 01. April 2021 01:50

Japanese Tankan Large Manufacturing Index improved to 5 points in the first quarter of 2021, signaling expansion and surpassing market estimates, the Bank of Japan said in its report published on Wednesday.

Tankan Large Manufacturing Outlook for the same quarter met expectations by arriving at 4 points, while Tankan Large All Industry Capex improved to better-than-expected 3%.

The surveyed businesses said they expected the dollar to trade for ¥106.71 in the first quarter, with the euro standing at ¥123.10. In the same survey, Japan's inflation was seen at an annual level of 0.4%, 0.8% in 2024 and 1% in 2026.

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