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Yen Quotes Increasingly Dependent on the Outcome of the War in the Middle East
The Tankan quarterly report does not
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The Tankan quarterly report does not yet show any clear signs of a deterioration in the economic situation due to the war in the Middle East. The business activity index for large enterprises rose for the fourth consecutive time to +17, while for non-manufacturing companies it remained unchanged at a very high level of +36. The forecasts for the next quarter are quite positive, and expected inflation rates have been revised upward. It is clear that the survey was largely
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Kuvat Raharjo,
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