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Monday, Jul 1
The Bank of Japan's Tankan survey of manufacturing sentiment turned positive for the first time...
The Bank of Japan's Tankan survey of manufacturing sentiment turned positive for the first time since September 2011 in Q2 this year, jumping to 4 from -8 in Q1 and slaying consensus of -6. The non-manufacturing index rose to 12 from 6 and topped forecasts of 11. The survey adds to improving factory output and retail sales, as well as a slow move towards inflation. "Japan's recovery is gathering pace gradually as sentiment improves on a weak yen, higher stocks and solid consumer spending," says Barclays economist Kyohei Morita. (PR)