Daiwa: Weak Tankan could prompt expectations for additional BOJ easing measures

Comments from Yasutoshi Nagai, Tokyo-based chief market economist at Daiwa Securities:

• Tankan was weak overall
• Could prompt expectations for BOJ to take additional easing measures
• Says confidence among Japan's large-sized manufacturers failed to improve in spite of yen weakness
• Says can't confirm any broadening in economic recovery, given worsening in sentiment among small- to medium-sized companies
• The Tankan reaffirms the view that it would be difficult for BOJ to achieve its 2% inflation target

via Bloomberg