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Preview - Tankan To Strongly Influence Bank of Japan Rate Decision
The Tankan index will be significant on Monday local time as it will have a significant impact on economic optimism and interest rate expectations The Bank of Japan remains concerned that interest rates are too low from a medium-term perspective. The difficulty for the bank is that the economic data has made it difficult to a further policy tightening. The headline inflation index, for example, has remained subdued with core consumer prices falling 0.1% in the year to August. Evidence of a robust economy would make it much easier for the bank to raise interest rates and a strong Tankan index could give the bank a green light for an October interest rate increase. The latest... Full Story
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Submitted Sep 28, 2007 3:55pm
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Sep 29, 2007 2:21am
About Tankan survey, we will pay notice to average of predicted exchange rates expected by large manufacturing enterprises(such as Toyota Motor). In June 2007 survey, predicted USD/JPY was 114.58 yen (in the first half of the year) and 114.23 yen (in the second half of the fiscal year). Because the second half of the fiscal year(last half year) begins in October.
 
Sep 30, 2007 6:36pm
any body hav any idea wich way market might go wiy tankan
newbies.stuck in an old trade needs help