Reuters tankan is monthly while the BOJ's is quarterly.

Headlines via Reuters:

  • Manufacturers' business mood least pessimistic in four months
  • Manufacturers index -33 in August vs -44 in July
  • Non-manufacturers index -23 in august vs -26 in July
  • Manufacturers November index seen at -22, non-manufacturers -26

A couple of comments from the report:

  • "Demand is on an improving trend compared to the first quarter but it remains at about 70% of what we had projected" a manager at a transport equipment maker
  • "Conditions in the domestic market are still bad," a manager at a chemicals maker wrote in the survey. "Even if quantity (of orders) returns in Asia, prices won't match that due to intensifying competition."