The monthly Reuters Tankan is more timely than the quarterly report of the same name from the BOJ

  • Manufacturers Index for June comes in at -46 (down further from -44 in May)
  • Non Manufacturers Index -32 (-36)

Outlook

  • Manufacturers September Index seen at -35
  • Non-manufactures - 29

The sentiment index at manufacturers remains at its lowest since June 2009

Yen is doing pretty much nothing.

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Poll of 499 large- and mid-sized non-financial companies

  • 240 firms responded on condition of anonymity