MARKET OUTLOOK - Tankan Survey Gives “Green Light” for Possible BOJ Rate Hike

Forex - Benjamin Shatil from JPMorgan (NYSE:JPM) stated that the December Tankan survey announced by the Bank of Japan this morning has given a “green light” for a possible interest rate hike this month. The economist argued that the Tankan survey would support the BOJ's assessment of business conditions at its policy meeting next week. He also noted that corporate inflation expectations across almost all timeframes in the survey have been above the BOJ's 2% target for 11 consecutive quarters. Shatil remarked, “This trend, combined with the flexibility message in the sentiment data, sends a positive signal ahead of the BOJ's policy meeting next week.”