Japan Business Optimism Rises, Rates to Follow?

by: David Jackson

Excerpt from today's One Page Annotated Wall Street Journal Summary (which you can get emailed to you every morning by signing up here):

Japan's Business Optimism Rises

  • Summary: The Bank of Japan's quarterly "tankan" survey of large manufacturers' business sentiment rose to 21 in June from 20 in March, with companies surveyed saying they plan to increase spending on plant and equipment by 6.2%. The survey result increases the probability that the Bank of Japan will raise interest rates at its July 13-14th meeting, abandoning its zero interest rate policy.