Reuters April Tankan: Manufacturer’s Index fell to +9, from +10 in March

Reuters April 2024 Tankan:

• Manufacturer’s Index fell to +9, from +10 in March
• Non-Manufacturer’s Index fell to 25, from +32 in March

Reuters report on the results highlights:

• dragged down by cost-of-living pressures
  and shaky economic conditions in major market China
• yen’s weakening to levels unseen since 1990 is lifting the cost of
  imports in a blow to household consumption,
• the fall in the currency has boosted the value of
  exports, but the volume of shipments have not benefited as much

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Reuters Tankan canvassed 497 large non-financial
Japanese firms, of which 235 responded during the survey period.

Reuters Tankan is a monthly survey that seeks to track the Bank of Japan’s tankan quarterly survey

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