The September “Bank of Japan Tankan,” in which the Bank of Japan asked approximately 9,000 domestic companies about their economic judgments, was released, and the index for “large manufacturing companies” remained unchanged from the previous survey.
The Tankan, which the Bank of Japan collects from approximately 9,000 domestic companies and publishes once every three months, is one of the most important sources of judgment when deciding on monetary policy.
According to the results of the September survey released today, the index of economic conditions for large manufacturing companies was +13, unchanged from the previous survey.
On the other hand, “Large non-manufacturing companies” increased by 1 point from the previous time to +34, improving for the first time in two quarters.
In addition, the assumed exchange rate for the second half of fiscal 2024, which is the basis for companies’ business plans, has been revised to 1 dollar = 144 yen.31, a slight increase in the direction of the yen’s appreciation compared to the previous survey.
Source: Japanese