Reuters Tankan for September shows tiny improvement

<p>Reuters Tankan is a monthly survey that seeks to track the Bank of Japan's tankan quarterly survey</p><ul><li>
Japan manufacturers index +4 in October, unchanged from September</li><li>Non-manufacturers
index +24 in October vs +23 in September
</li><li>Manufacturers
January index seen at +5, non-manufacturers +20
</li></ul><p>The survey covered familiar ground:</p><ul><li>prospect of higher U.S. interest rates has weakened the
Japanese yen, hurting the country's terms of trade</li><li>concerns about a spike in oil prices also weighing on
sentiment</li><li>downside risks from the global economy have
weighed on confidence</li><li>rising cost of doing business due to surging raw materials prices that were aggravated by a weak yen</li></ul><p>Some of the highlighted comments from firms:</p><ul><li>"Our business conditions are not so good, because there's a
divide among those who benefit from recovery in car production
and those who suffer from China's overall economic slowdown," </li><li>
"Uncertainty around the outlook is high," </li></ul><p>—</p><p>Reuters poll of 502 large- and mid-sized companies</p><ul><li>249 firms responded</li><li>respondents spoke on the
condition of anonymity</li><li>Reuters Tankan indexes are calculated by subtracting the
percentage of pessimistic respondents from optimistic ones. A
positive reading means optimists outnumber pessimists.</li></ul><p>Earlier:</p><ul><li><a href="https://www.forexlive.com/centralbank/japan-media-icymi-bank-of-japan-considering-raising-its-inflation-outlook-to-nearly-3-20231010/" target="_self">Japan media ICYMI – Bank of Japan considering raising its inflation outlook to nearly 3%</a></li></ul>

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