Thursday, July 5, 2007

Japan's Leading Index

Well, the latest reading on the leading index seems to be causing some controversy. Earlier this week the Tankan came in with an unexciting but basically positive reading.The Bank of Japan's closely watched Tankan survey of business confidence showed the large manufacturers' diffusion index, which subtracts pessimists from optimists, unchanged at +23. However, the index for medium and small

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