Japan – Reuters Tankan report for October: Manufacturing sentiment rises from 7 month low

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 +4
• September 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 anonymity
• survey taken between September 25 and October 4

This article was written by Eamonn Sheridan at www.forexlive.com.