Japanese Tankan Large Non-Manufacturing Outlook (Q1) 29 vs. Exp. 28 (Prev. 28, Low. 24, High. 34)

The Japanese Tankan Large Non-Manufacturing Outlook at 29, beating expectations of 28, suggests a stronger-than-anticipated sentiment among service sector firms. This positive reading indicates resilience in non-manufacturing activity, which could support further economic growth and influence Bank of Japan's policy stance, particularly around inflation and interest rates. Traders should watch for potential implications on JPY and commodities, especially gold, as market participants reassess risk appetites.