Investing.com - The Bank of Japan on Wednesday released its quarterly Tankan business survey for September, showing depreciation of the yen supports the Tokyo stock market, but that higher costs are also hitting household spending.
The September Tankan showed that sentiment among major manufacturers rose to plus 13 in September from plus 12 in June, showing that negative effects of weak exports and domestic demand were offset by the yen's drop and strong Nikkei stocks. The DI is expected to be flat at plus 13 in December.
The BoJ is expected to maintain the pace of its asset purchases at its next policy meeting on Oct. 6-7, expecting the economy to continue to recover moderately.