Investing.com – Japans Tankan index of business confidence rose unexpectedly in the second quarter, official data showed on Thursday.
In a report, the Central Bank of Japan said its Tankan manufacturing index rose 1 point in the second quarter, following a decline of 14 points in the preceding quarter.
Analysts had expected a decline of 3 points.
Following the release of the data the yen was down against the U.S. dollar, with USD/JPY gaining 0.02% to hit 88.47.
In a report, the Central Bank of Japan said its Tankan manufacturing index rose 1 point in the second quarter, following a decline of 14 points in the preceding quarter.
Analysts had expected a decline of 3 points.
Following the release of the data the yen was down against the U.S. dollar, with USD/JPY gaining 0.02% to hit 88.47.