Reuters September Tankan: Manufacturers Index +4 (prior +12) Non-Manu +23 (prior +32)

<p>Not a good set of results:</p><ul><li>Big manufacturers Sept sentiment falls sharply to 4 from August's 12</li><li>
Service sector mood slumps the most since 2020, to 23 from 32 in August</li><li>
Both sectors see subdued outlook<ul><li>December Manufacturing index seen at +4</li></ul></li><li>non-manufacturing seen at 21</li></ul><p>Reuters summary:</p><p>In written comments, many Japanese firms complained about
elevated input costs of raw materials as well as weak demand at
home and abroad.</p><ul><li>The Ukraine war and heightened Sino-U.S.
tensions were also seen as headwinds.</li><li>
"Our business conditions are not so good due to uncertainty
surrounding the global economy such as geopolitical risks
stemming from a prolonged war in Ukraine and rising tension
between U.S.-China frictions," a machinery maker manager wrote
in the survey.</li><li>
"Overseas markets, particularly in China, are slumping and
domestic demand is also languishing," a chemicals maker manger
wrote on condition of anonymity. </li></ul><p>—</p><p>The Reuters Tankan is a monthly survey conducted by Reuters news agency in collaboration with the International University of Japan.</p><ul><li>is similar to the Tankan survey conducted by the Bank of Japan, which is a quarterly survey of business sentiment among Japanese companies</li><li>the Reuters Tankan has a wider coverage of industries and is not limited to large corporations</li><li>survey is based on interviews with executives of about 500 Japanese companies, covering a range of industries and size</li><li>questions asked in the survey cover various aspects of the economy such as sales, profits, capital expenditure, hiring plans, and inflation expectations</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.