This is the first fall for this index since November 2012.

  • Non-manufacturers index +18 in July ( +20 in June) – first fall since February 2013
  • The outlook for October manufacturers index is at +15, non-manufacturers +25

(The Reuters Tankan is a monthly survey of leading Japanese companies. The BOJ also conduct a similar survey, the BOJ Tankan, but only quarterly; the Reuters Tankan provides earlier indications than the BOJ’s)