The index measures the overall business environment among major producers. The information is based on a survey of 1,200 companies in Japan. This is a key indicator of the Japanese economy, which relies heavily on the manufacturing industry. The data above the forecast strengthen the JPY, and the data below the forecast put pressure on the national currency. It is expected that the index will be reduced from 19 to 14 points.
Read more here:
Latest posts by liteforex.com (see all)
- Statement by the Bank of England Head Mark Carney. UK, 22:00 (GMT+2) - June 20, 2019
- Press Conference of the Bank of Japan. Japan, 08:30 (GMT+2) - June 20, 2019
- BoE Interest Rate Decision. UK, 13:00 (GMT+2) - June 20, 2019