The JP Tankan Large Manufacturers Index results where just released. The announcement is expected to affect the following instruments for the next few hours:
Due to the increased volatility in the market around this news event we would advise that you review any open positions in the market.
These statistics are based on the past 12 JP Tankan Large Manufacturers Index events, in which these instruments were all affected
Why this event matters:
In Japan, the quarterly Tankan Index of Sentiment at Large Manufacturers covers about 1,200 companies with capital over 1 billion Yen. The survey is done by mail or e-mail and asks participants to evaluate current trends and conditions in the business place and their respective industries as well as their expected business activities for the next quarter and year. The indicator is calculated by subtracting the percentage share of enterprises responding on the negative side from the share giving positive assessments. The index varies on a scale of -100 to 100 such that a value above zero indicates business optimism, a value below zero pessimism and 0 indicates neutrality.
Disclaimer: Past performance may not be indicative of future performance