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TABLE-BOJ Tankan shows business mood brightens as recovery broadens
April 3, 2017 / 1:10 AM / 4 months ago

TABLE-BOJ Tankan shows business mood brightens as recovery broadens

4 Min Read

    TOKYO, April 3 (Reuters) - The Bank of Japan released its
closely watched quarterly tankan survey of corporate activity in
Japan. (Median forecasts from Reuters poll of economists in
parentheses.)
Details were as follows:

                       March 2017  June 2017   Dec 2016
-------------------------------------------------------
Manufacturers
 Large                +12 (+14)    +11 (+13)       +10
 Medium               +11          +4               +6
 Small                 +5 ( +3)     0 ( +1)         +1 
Non-manufacturers
 Large                +20 (+20)   +16 (+18)        +18
 Medium               +17         +10              +16
 Small                 +4 ( +2)    -1 ( -1)         +2
-------------------------------------------------------

                        2017/18
                     Mar Survey
CAPITAL SPENDING
All firms                  -1.3
 Large Firms               +0.6
  Manufacturers            +5.3
  Non-manufacturers        -2.0
 Medium Firms             +17.5
  Manufacturers           +16.5
  Non-manufacturers       +18.1
 Small Firms              -22.6
  Manufacturers           -10.6
  Non-manufacturers       -27.5

RECURRING PROFITS
All firms                  -1.1
 Large Firms               -0.2
  Manufacturers            -0.3
  Non-manufacturers        -0.1
 Medium Firms              -0.3
  Manufacturers            -0.2
  Non-manufacturers        -0.3
 Small Firms               -4.6
  Manufacturers            +1.0
  Non-manufacturers        -6.5

CORPORATE FINANCE
Financial Position (percentage of firms saying they find
financial conditions easy minus those who find conditions are
tight)
                      March          Dec
-------------------------------------------------------
All firms             +16            +15
 Large                +24            +24
 Medium               +24            +22
 Small                 +9             +9
-------------------------------------------------------

Lending Attitude of Financial Institutions (percentage of firms
that find banks' lending attitude accommodative minus those who
find it severe)
                      March          Dec
-------------------------------------------------------
All firms             +24            +24
 Large                +27            +27
 Medium               +28            +28
 Small                +20            +21
-------------------------------------------------------

EMPLOYMENT DIFFUSION INDEX (percentage of firms saying they had
excess workers minus those saying they had insufficient workers)
                      March          Dec
-------------------------------------------------------
All firms             -25            -21
 Large Firms          -15            -13
  Manufacturers        -8             -6
  Non-manufacturers   -22            -19
 Small Firms          -28            -24
  Manufacturers       -19            -14
  Non-manufacturers   -34            -31
-------------------------------------------------------

PRODUCTION CAPACITY INDEX (percentage of firms saying they had
excess capacity minus those saying they had insufficient
capacity)
                       March          Dec
-------------------------------------------------------
All firms              -2              0
 Large Firms            0              0
  Manufacturers        +1             +1
  Non-manufacturers    -1             -2
 Small Firms           -3             -1
  Manufacturers         0             +2
  Non-manufacturers    -4             -2
-------------------------------------------------------

Sentiment indexes measure the percentage of firms reporting a
favourable business environment minus those reporting
unfavourable conditions. The survey period: February 27 to March
31. The number of the companies that were surveyed: 10,799, of
which 2,118 were large firms. To view the BOJ's table on the
survey, click here

 (Reporting by Stanley White; Editing by Chris Gallagher)
  

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