Reuters monthly Japan Tankan shows further souring in manufacturers sentiment

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.
Poll of 499 large- and mid-sized non-financial companies
  • 240 firms responded on condition of anonymity