Japan – Reuters Tankan report for September: Manufacturing sentiment hits a 7 month low

The monthly Reuters Tankan survey, a guide to the Bank of Japan’s quarterly tankan survey:

• September manufacturers sentiment +4, August was +10
• September non-manufacturers sentiment +23 vs +24 in August
• December 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.