Japan · Tankan Large All Industry Capex: 11.3

Actual11.3

Forecast12.3

Previous11.5

Surprise -0.40σ

VerdictBELOW FORECAST

ReadJGBs NEUTRAL · Equities NEUTRAL

Japan · Tankan Large All Industry Capex: Actual 11.3, forecast 12.3, prev 11.5. Surprise: BELOW FORECAST by 0.4 sigma. Desk read: JGBs NEUTRAL · Equities NEUTRAL.

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