[Capital Economics: BOJ Tankan Survey Strengthens Case for Rapid Rate Hikes] Jin10 Data, July 1 – Marcel Thieliant, Head of Asia-Pacific at Capital Economics, stated that the Bank of Japan's Tankan survey released earlier has strengthened the case for rapid rate hikes. He noted that the headline index measuring sentiment among large manufacturers surged to +22, the highest level since the global financial crisis. 'The sentiment among large non-manufacturing firms in the first quarter was already at its highest level since the early 1990s, but it still edged up further from +36 to +37,' he added. Furthermore, corporate inflation expectations for the next five years climbed from 2.5% to 2.6%, a figure that 'supports the views of BOJ policymakers who have warned of upside risks to inflation.'