On a day of relative calm due to the cclosure of the main Stock Exchanges of the area due to the Easter holidays, the benchmark index for Asia fell, led by the negative performance of Japanese equities. The mood was marked by the quarterly Tankan, which despite being at its highest level since September 2011, disappointed analysts' expectations. The MSCI Asia Pacific index was down 0,7% at 134.55 as of 10:45 am in Tokyo. The Nikkei 225 Stock Average it lost 1 percent, while China's Shanghai Composite slipped 0,2 percent. Markets in Hong Kong, Australia and New Zealand were closed for public holidays.
Il Quarterly tankan, which marks the level of confidence among large Japanese industries, rose to -8 from -11 in December, according to the Central Bank of Japan. A big step forward, but still lower than the -7 estimated by the average of 24 economists interviewed by Bloomberg. The Governor of the Central Bank of Japan Haruhiko Kuroda it needs companies to raise investments and salaries in order to meet the 2 percent inflation target. The announcement of the inauguration of new stimulus to the economy is expected during the week.
http://www.bloomberg.com/news/2013-04-01/asian-stocks-decline-after-japan-tankan-survey-misses-estimates
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