MNI DATA SURVEY: BOJ Dec Tankan Business Sentiment Survey

TOKYO (MNI) – The following are the median economist forecasts for the Bank of Japan’s quarterly Tankan business sentiment survey for December due out on Friday, Dec. 14.

Data Median Forecast Previous Survey

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Large Mfg DI 18 19 Large Non-Mfg DI 22 22 Small Mfg DI 13 14 Small Non-Mfg DI 9 10 Capex by Big Firms 12.4 13.4 Capex by Small Firms -3.7 -8.4 Sentiment Diffusion Index

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Large Small Large Mfg Non-mfg Mfg Small Non-mfg Median Forecast 18 22 13 9 High Forecast 21 23 13 11 Low Forecast 13 20 8 8 Previous Survey 19 22 14 10 No. of Responses 8 8 8 8

Japan Research 21 23 13 11 Daiwa Research 19 21 12 8 Mizuho Research 18 22 13 10 Mitsubishi UFJ R&C 18 22 13 9 Fujitsu Research 17 22 11 8 Mitsubishi Research 17 21 13 8 BNP Paribas 17 21 12 9 Sumitomo Mitsui AM 13 20 8 8 Fiscal 2018 Capex Plans (% y/y)

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Large Firms Small Firms Median Forecast 12.4 -3.7 High Forecast 13.1 -1.0 Low Forecast 11.4 -9.2 Previous Survey 13.4 -8.4 No. of Responses 8 8

Japan Research 12.5 -1.5 Daiwa Research 13.0 -4.0 Mizuho Research 12.4 -9.2 Mitsubishi UFJ R&C 13.1 -1.0 Fujitsu Research 12.4 -1.9 Mitsubishi Research 11.4 -3.3 BNP Paribas 12.3 -5.1 Sumitomo Mitsui AM 12.3 -4.0

–MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: [email protected]

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