Japanese Tankan Large All Industry Capex (Q1) 3.3% vs. Exp. 13% (Prev. 12.6%)

The Japanese Tankan Large All Industry Capex figure came in significantly below expectations, indicating a slowdown in business investment. This miss may suggest that companies are adopting a more cautious approach, which could impact overall economic growth and future monetary policy considerations in Japan. A weaker capex outlook might also weigh on Japanese equities and the yen, elevating interest in safe-haven assets like gold.