The Big Manufacturers Index Tankan in Japan Increased
The Big Manufacturers Index Tankan, published by the Bank of Japan, increased to 17 in Q2, compared with the value of 12 in the first quarter. Economists expected the growth to 15.
This index is an economic indicator of Japan, which is highly dependent on the industrial industry, which determines the growth of export-oriented economy.
The Tankan report noted that sentiment in the manufacturing sector improved in the third quarter in a row and is now at its highest level since March 2014.