Japan tankan shows 1st positive reading since 2011

LOS ANGELES (MarketWatch)
The Bank of Japan's closely watched "tankan" survey, released Monday, showed sentiment among large manufacturers turned broadly positive in the April-June quarter for the first time since mid-2011
The sentiment reading for large manufacturing enterprises rose to plus 4 from the previous quarter's minus 8
The result was in line with projections from a Dow Jones Newswires survey and just above a plus-3 estimate from a Reuters poll
Large non-manufacturers also showed improved sentiment, with the index rising to plus 12 from plus 6 in the January-March period, beating a plus-11 forecast from Reuters
Among medium-sized manufacturers, sentiment improved to minus 4 from minus 14, while small manufacturers also trimmed their pessimism from negative 19 to negative 14