Economists: Bank of Japan’s Tankan survey projects a slight decline in large manufacturers’ business confidence.

According to economists surveyed by Quick, the Bank of Japan's Tankan business sentiment survey — to be released Wednesday — is expected to show that the diffusion index for large manufacturers will decline from +17 in March to +16 in June. Mizuho Securities economist Ryosuke Katagi stated that business sentiment in the materials sector has worsened due to resource price surges and supply shortages triggered by the situation in Iran, while business sentiment in the processing sector has improved thanks to demand related to semiconductors.