The Bank of Japan’s (BOJ) closely watched business sentiment survey, known as the Tankan, revealed the mood among big manufacturers was unchanged during the third quarter. But the Japanese market rose, signaling relief that sentiment had at least not worsened.
Released before the market open on Monday, the headline index showed sentiment among large manufacturers at plus-6 points, flat on the previous quarter’s reading and below a Reuters forecast for plus-7 points. For the fourth quarter, the BOJ anticipated sentiment would remain steady at plus-6.
