The BOJ's Tankan survey of corporate sentiment misses market consensus, largely because exports have been weak over the past months with the Japan-China disputes weighing, says Norio Miyagawa, a senior economist at Mizuho Securities Research and Consulting. Despite signs of economic recovery and a weakening yen, which bodes well for corporate profitability, Miyagawa believes the Tankan outcome "is enough to persuade the BOJ to take additional easing steps at next week's meeting," especially amid the likelihood of growing political pressure to do so post general elections this weekend.
Find us on Google+
No comments:
Post a Comment