The official BOJ survey asks 1200 manufacturers about the current economic current conditions in the current quarter. The score of 1 point means small optimism about improving conditions. It’s now expected to rise to 7 points, weighing on USD/JPY.
Manufacturing plays a critical role in the Japanese economy, and this survey is considered the best gauge of the industry’s health due to it’s large sample size and respected source.
Remember there are 2 Tankan Surveys:
- Manufacturing
- Non Manufacturing
Both are release today (sept. 28, 2010) at 23:50 GMT. The most important is the Manufacturing.
All the best,
María