The Japanese index of business confidence, the Tankan remained at the level of the third quarter


Moscow. December 14. The Japanese Tankan index, the indicator of confidence of large companies processing industry, in the fourth quarter of 2015 remained at the level of the previous quarter – 12 points, according to data from the Bank of Japan.

Analysts surveyed by Bloomberg expected a decline to 11 points.

The Tankan is calculated by the Bank of Japan according to a survey of large Japanese manufacturers and reflects the level of their optimism.

Saving indicator at the level of the third quarter shows that the record profits of Japanese companies offset concerns of businesses regarding the possible effects of the forthcoming increase of the basic interest rate in the USA, and weakening of the Chinese economy, experts say.

“The Tankan showed that business confidence in the economy is stable. The indicator of investment suggests that companies intend to increase investment plans,” says economist at Nomura Securities Co. in Tokyo, Yasuhiro Takahashi.

According to the survey, large industrial Japanese companies plan to increase investment by 10.8% this fingado ending in March 2016. For comparison, data for the third quarter indicated a planned increase in investment by 10.9%.

Industrial companies are predicting an average exchange rate of the Japanese yen against the dollar in the current fingado at the level of the yen 119.4 p. On Monday the yen the dollar fell to 121,11 yen 121,01 against the yen at market close on Friday.

The indicator of confidence of large non-manufacturing companies in the country in October-December remained at the level of the third quarter by 25 points. Experts surveyed by Bloomberg on average forecast a decline of 23 index points.

As was expected, by the end of the current Vigoda the Tankan reduced to seven points, the indicator of confidence of large non-manufacturing companies will be reduced to 18 items.