The monthly Reuters Tankan survey, a guide to the Bank of Japan’s quarterly tankan survey:
October manufacturers sentiment +7, September was a 7-month low of +4September non-manufacturers sentiment +20 (falling for the fourth month in a row to its lowest since February 2023) vs +23 in September January manufacturers index seen at +9, non-manufacturers at +22
A pertinent comment from the Reuters report:
“Our clients are growing cautious about raising capital
expenditures due to a Chinese economic slowdown,” a machinery
maker manager said.unstable weather and a stronger yen were among reasons cited by non-manufacturers for lower business confidence
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506 non-financial major companies were
surveyed
241 firms responded on condition of anonymitysurvey taken between September 25 and October 4
This article was written by Eamonn Sheridan at www.forexlive.com.
