株式会社 ズルフィカール モーターズ


Mar 28 2016

Rate Range Projection by Bank

Next week 112.00 –114.00

Next 3 months 107.00 - 115.00

The below is a topic from market news

BOJ tankan likely show biz mood worsens due to strong yen, global economy

Japanese manufacturers' confidence probably deteriorated to the lowest in nearly three years and it is expected to worsen in the coming quarter due to exporters concern over a strong yen and worries over the global economy, a Reuters poll showed.

Big firms are likely slash their capital spending plan for the new fiscal year beginning in April, according to the survey.

Firms tend to be cautious in their spending plans at this time of year, but concern over the outlook for profits makes it unlikely that they will become more ambitious in their capital expenditure budgets later in the year, analysts said.

Date due for release next week includes industrial production, which likely declined for the first time in two months in February due to weak demand in Japan and overseas.

The Bank of Japan's quarterly tankan business sentiment survey was expected to show the headline index for big manufacturers' sentiment slipped by 4 points to plus 8 points from plus 12 points three months ago, the poll of 23 economists showed.

It would be the lowest reading since the June 2013 survey when big manufacturers' mood stood at plus 4 points.

Worsening sentiment among big manufacturers likely became apparent due to the economic slowdown overseas and the yen's sharp appreciation, Tsuyoshi Ueno, senior economist at NLI Research Institute said in the survey.

Domestic consumer spending in the doldrums is depressing the mood among non-manufacturers, but strong demand from foreign visitors and the benefits of the BOJ's negative interest rate on the real estate industry will probably moderate that pressure to some degree.

The sentiment index for big non-manufacturers was expected to slip to plus 24 from plus 25 three months ago, worsening for the first time since the September 2014 survey.

The poll also showed the sentiment of both manufacturers' and non-manufacturers will worsen in the coming three months due to uncertainty over the market outlook and the state of emerging economies, as well as sluggish wage recovery.

Big firms were forecast to slash their capital spending plan by zero point seven percent for the coming fiscal year, according to the poll.

The BOJ will released the tankan survey at eight fifty am on April one (twenty-third fifty GMT March thirty first).

Earlier this week, the Reuters Tankan monthly survey, which shows a close correlation with the BOJ's quarterly tankan survey, showed Japanese manufacturers' confidence waned in March and was



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