Central Banks

A Bank of Japan official with remarks on the Tankan report released earlier:

  • the index gauging large manufacturers’ output prices hit its highest since May 1980
  • index gauging large non-manufacturers’ output prices hit its highest since November 1980
  • the Tankan index measuring firms’ inflation expectations hit its highest on record

Tankan, and other Japan data, released earlier:

  • Japan June Manufacturing PMI 52.7 (prior 53.3)

  • Japanese firms expect prices to rise faster in the years ahead
  • BOJ Tankan survey for Q2: Manufacturing and non-manufacturing indexes fall
  • Japan May unemployment rate 2.6% (expected 2.5%)
  • Japan data – Tokyo headline CPI for June 2.3% y/y (vs. expected 2.2%)
  • USD/JPY update:

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

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