Tankan Survey
a.k.a. Tankan
The Bank of Japan's quarterly survey of business conditions, Japan's most watched gauge of corporate…
In plain English
The Bank of Japan's quarterly survey of business conditions, Japan's most watched gauge of corporate sentiment.
The Tankan is a quarterly survey run by the Bank of Japan that asks thousands of Japanese companies whether business conditions are good or bad. The headline number is the large manufacturers' index: the share of firms saying "good" minus the share saying "bad".
Because it covers so many companies and feeds into the BOJ's thinking, a big surprise can move the yen and Japanese stocks.
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