The monthly Reuters Tankan report

  • manufacturers index 26 in November, down from 28 in October
  • Non-man index is higher, to 30 in November from 24 in October
  • Outlook: Feb manufacturers index seen at 24, non-manufacturers seen at 32

Japanese manufacturers' business confidence worsened, concerns over trade war intensification

Comments from the survey (via Reuters):

  • "The business situation is not so good due to the U.S.-China trade friction and the rising trend in fuel prices caused by the strains in the Middle East," a manager of a chemicals maker wrote in the survey.
  • "Capital expenditure is being delayed due to uncertainty surrounding the global economy due to trade tensions," wrote a manager at a machinery maker.

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Reuters Tankan poll conducted Oct. 24 to Nov. 5

  • poll of 482 large- and mid-sized companies