Japan: Tankan suggests growth is returning

While part of the Tankan business survey for Q2 turned out weaker than expected it still suggests an improvement in business conditions in Q2 and an accelerated improvement in the current quarter. Q2 Tankan survey is consistent with GDP growth having turned positive in Q2 and being significantly above potential growth in Q3. Details According to the Tankan business survey compiled by Bank of Japan business conditions in Q2 improved more than expected by enterprises in Q1 and the surveyed