BOJ Tankan to show Q1 manufacturers' optimism eased slightly, services improved - Reuters poll [Reuters]
Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG)
US:NYSE Investor Relations:
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Company Research
Source: Reuters
disruptions, but service-sector sentiment improved further, a Reuters poll of economists showed on Friday, The Bank of Japan's (BOJ) closely watched "Tankan" business survey is expected to show the headline big manufacturers' sentiment index eased to +10 in March from +12 in December, according to 14 economists surveyed by Reuters. The BOJ ended years of unorthodox policy this week, raising rates for the first time in 17 years in a historic shift away from decades of massive monetary stimulus. But it is expected to proceed cautiously amid worries that further rises in borrowing costs could hurt the fragile economic recovery, analysts say "We expect large manufacturers' mood to deteriorate due to the impact from vehicle certification issues," said chief market economist at Yoshimasa Maruyama at SMBC Nikko Securities, referring to the suspension of shipments of some models which is disrupting auto supply chains. On the other hand, the big non-manufacturers' confidence index like
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