BoJ Tankan Large Manufacturing Index shows the sentiments of the large industrial companies concerning the pace of the economic growth and business environment in the given period. The calculation is based on the survey of the industry representatives. The questions cover the business environment, supply and demand, inventory, production volumes, employment, financial position, profit, tax and credit conditions, as well as changes in product prices.
The export of industrial goods comprises an important part of the country's GDP, therefore the indicator defines the level of the Japanese economy development and the situation in the manufacturing sector.
The indicator growth can have a positive effect on the yen quotes.