Japan’s Q2 Business Survey Index (BSI): Large Manufacturing -1.0% (prior -6.7%)

This doesn’t tend to move USD/JPY upon release, but it does give a snapshot of Japanese business conditions.

The Bank of Japan meeting concludes tomorrow. Earlier I outlined reasons for and against further tightening:

• The BoJ meet today and tomorrow – ‘reduction of bond buys’ chatter reignited on Wednesday

While the results of this are quite mixed, my one-word summary of implications for tightening would be ‘against’. But, of course, this is only one minor input to the Bank’s decision-making (the report, not my summary).

Its from the Ministry of Finance, link here for the full thing.

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The Business Outlook Survey has been conducted jointly by the Cabinet Office and the Ministry of Finance starting from the April-June quarter of 2004.

• The survey targets corporations with capital of 10 million yen or more and aims to obtain basic data concerning the current status and forecasts of the Japanese economy.
• The survey is conducted four times a year through Local Finance (Branch) Bureaus and Offices, and the results are published in early or mid-June, September, December and March.

This article was written by Eamonn Sheridan at www.forexlive.com.