The BOJ's tankan survey released earlier adds to the case for rapid BOJ rate increases, Capital Economics' Marcel Thieliant says in commentary. The headline index measuring sentiment among large manufacturers jumped to +22, highest since the global financial crisis, the head of Asia-Pacific notes. Also, "business conditions for large non-manufacturers were already the most upbeat since the early 1990s in Q1 but they still edged up further from +36 to +37," Thieliant says. Moreover, companies' five-year-ahead inflation expectations climbed to 2.6% from 2.5%, "supporting those on the BOJ Board who are warning about upside risks to inflation," Thieliant adds. (ronnie.harui@wsj.com)
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BOJ's Tankan Adds to Case for Rapid BOJ Rate Increases — Market Talk
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The BOJ's tankan survey released earlier adds to the case for rapid BOJ rate increases, Capital Economics' Marcel Thieliant says in commentary. The headline index measuring sentiment among large manufacturers jumped to +22, highest since the global financial crisis, the head of Asia-Pacific notes…