Brian Daingerfield, FX Trading Strategist at RBS, suggests that the data calendar is packed in Japan next week as the fiscal year concludes. Key Quotes “The most critical of the releases could prove to be the BoJ’s 1Q Tankan survey. The BoJ’s positive view on the domestic economy and inflation is due largely in part to a positive corporate outlook and, with it, higher wages. PM Abe admitted this week that he was expecting more from the Spring wage rounds, and several large employers revealed either smaller wage increases this year than in the prior year or stagnant wages. The strength in the JPY may weigh on corporate outlook, and a slowdown in the Tankan survey would cement our expectations for new BoJ easing at their next meeting in late April. Ahead of the Tankan survey, February data on inflation, employment and housing starts are all released. As usual, the trend in weekly flow of funds data should be monitored – with nominal JGB rates now negative out to 10 years, there has been a significant pickup in Japanese investor demand for foreign bonds.” For more information, read our latest forex news.