The monthly Reuters Tankan survey, a guide to the Bank of Japan’s quarterly tankan survey:
September manufacturers sentiment +4, August was +10September non-manufacturers sentiment +23 vs +24 in AugustDecember manufacturers index seen at +3, non-manufacturers at +27
Sentiment at non-manufacturers fell for the third consecutive month to its lowest in a year
Business confidence at big
Japanese manufacturers sank to a seven-month low in September (February was -1)
Soft Chinese
demand was cited as a concern, as were global electric vehicle slowdown and raw material inflation.
Comment from the report:
“Our clients’ investments were falling behind schedule since
they haven’t recovered yet from the impact of the weak Chinese
economy,” a machinery maker manager wrote in the survey.
‘Bout that light at the end of the tunnel ….
This article was written by Eamonn Sheridan at www.forexlive.com.
