Investing.com – Japan’s Tankan manufacturing index rose more-than-expected in the third quarter, rising to its highest level since March 2003, official data showed on Wednesday.
In a report, the Bank of Japan said its Tankan manufacturing index rose to 8.0 points in the third quarter, after rising to 1.0 point in the preceding quarter.
Analysts had expected the index to rise to 7.0 points in the third quarter.
On the index, a level above 0.0 indicates improving conditions, below indicates worsening conditions.
The report also showed that the Tankan non-manufacturing index rose to 2.0 points in the third quarter, after rising to -5.0 points in the preceding quarter.
Analysts had expected the non-manufacturing index to improve to -2.0 points in the third quarter.
Following the release of the data, the yen was up against the U.S. dollar, with USD/JPY shedding 0.25% to hit 83.66.
In a report, the Bank of Japan said its Tankan manufacturing index rose to 8.0 points in the third quarter, after rising to 1.0 point in the preceding quarter.
Analysts had expected the index to rise to 7.0 points in the third quarter.
On the index, a level above 0.0 indicates improving conditions, below indicates worsening conditions.
The report also showed that the Tankan non-manufacturing index rose to 2.0 points in the third quarter, after rising to -5.0 points in the preceding quarter.
Analysts had expected the non-manufacturing index to improve to -2.0 points in the third quarter.
Following the release of the data, the yen was up against the U.S. dollar, with USD/JPY shedding 0.25% to hit 83.66.