Reuters monthly tankan survey, ahead of the BOJ's quarterly survey not due for until the end of Q2
Japan manufacturers index +21 in April vs +28 in March
- lowest level since Feb. 2017
Non-manufacturers index +36 in April vs +35 in March
- matches record high seen in June 2015
Manufacturers July index seen at +23, non-manufacturers +35
More via Reuters commentary on the results:
- Confidence among Japanese manufacturers worsened for a third straight month
- rises in the yen and crude oil prices threaten to undermine corporate profits
- Trade tensions, such as the United States and China's recent duelling tariff announcements, could hit Japan's export-reliant economy hard, potentially leading to financial market turmoil that would cause an unwelcome spike in the safe-haven yen.
- The spectre of a trade war adds to concern about global political risk, including a potentially spreading of conflict in the Middle East and renewed U.S. sanctions against Iran, which have pushed up crude oil and commodity prices.
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Reuters poll of 542 large- and mid-sized companies
- 253 firms responded
- conducted over April 4-17
- Reuters Tankan indexes are calculated by subtracting the percentage of pessimistic respondents from optimistic ones. A positive figure means optimists outnumber pessimists.
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Yne doing little on this, which is often the case ... not much impact
Stay tuned for inflation data due at the bottom of the hour:
