Reuters Tankan is a monthly report whereas the Bank of Japan Tankan is quarterly (more on these two surveys below).
Respondents citing worries over China and … wait for it … high inflation.
November manufacturing index +5
prior +7 in October
Non-manufacturing +19 in November, easing for the 5th consecutive month
prior +20
Outlooks:
Manufacturing index seen at +6 in Februarynon-manufacturing seen at +25
More:
“Japanese automakers’ slump in the Chinese market is a
concern for the auto
parts business and environment-related
products remained
lacklustre due to China’s sluggish market””Although
there is demand, material prices are gradually
rising, putting
pressure on profit” some respondents
mentioned clients delaying investment
decisions before the
outcome of the U.S. presidential electionextreme weather hurting service-sector confidence. One bright
spot supporting
sentiment was inbound tourism.
***
Reuters Tankan is a monthly survey that seeks to track the Bank of Japan’s tankan quarterly survey
respondents spoke on the condition of anonymityReuters Tankan indexes are calculated by subtracting the percentage of pessimistic respondents from optimistic ones. A positive reading means optimists outnumber pessimists.
This article was written by Eamonn Sheridan at www.forexlive.com.
