According to the monthly Reuters Tankan survey, Japanese big manufacturers’ confidence is seen deteriorating to a 6-1/2-year low in the September quarter, in the wake of lingering US-China trade and global growth concerns dampening the investors’ mood.
Key Findings:
“The Bank of Japan’s quarterly tankan business sentiment survey is projected to show the headline index for big manufacturers’ confidence fell to +2 in September from +7 three months earlier.
It would be the third straight quarterly deterioration and the lowest since March 2013 when the index showed -8.
The sentiment index for big non-manufacturers also likely worsened to +20 in September from +23 seen in June survey.
In the December quarter, big manufacturers’ business confidence is expected to worsen to +1 and non-manufacturers’ sentiment is also seen falling to +16.”
Share
