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Japan's Tankan Survey Stronger Than Expected

Sunday, 1 Jul 2012 | 7:50 PM ET

Masayuki Kichikawa, Chief Japan Economist & MD, Merrill Lynch Japan Securities says the better-than-expected data is due to relatively strong domestic demand which is softening the impact from the euro zone crisis. He adds that the data could prompt the BOJ to pause on rates at its next meeting.