30 Mar 2015
Japan tankan survey release this week keenly eyed – MP
FXStreet (Barcelona) - Dean Popplewell, Director of Currency Analysis at MarketPulse, notes that with Japanese industrial production data posting a soft picture, Wednesday’s tankan survey release will be keenly eyed to get clues for any subsequent BoJ’s action.
Key Quotes
“In the eyes of the BoJ, industrial output has always been one of the brighter parts of the Japanese economy. Japanese policy makers only recently made consecutive upgrades in their assessment.”
“However, in the overnight session, industrial production for February marks another instance of disappointing economic data, making this Wednesday’s release of quarterly Tankan survey particularly significant for the BoJ as they begin to enter the new fiscal year in Japan.”
“Governor Kuroda, speaking over the weekend, said he expects inflation to begin accelerating starting in early fall. This would suggest that may be some reluctance by the BoJ to add to its already unprecedented stimulus measures.”
Key Quotes
“In the eyes of the BoJ, industrial output has always been one of the brighter parts of the Japanese economy. Japanese policy makers only recently made consecutive upgrades in their assessment.”
“However, in the overnight session, industrial production for February marks another instance of disappointing economic data, making this Wednesday’s release of quarterly Tankan survey particularly significant for the BoJ as they begin to enter the new fiscal year in Japan.”
“Governor Kuroda, speaking over the weekend, said he expects inflation to begin accelerating starting in early fall. This would suggest that may be some reluctance by the BoJ to add to its already unprecedented stimulus measures.”