The Reuters Tankan is out each month (the BOJ Tankan is once a quarter)
- Japan manufacturers index +1 in August vs +3 in July
- Japan non-manufacturers index +18 in August vs +15 in July
- Japan manufacturers November index seen at +6, non-manufacturers +19
- Japan manufacturers index hits lowest level since April 2013
Bolding is mine .... for added bleah ....
More from Reuters on the report:
- Service sector's mood rose for the first time in five months ... reflecting gains in retailers, real estate and other services
- "Domestic car sales have declined and we have suffered a foreign-exchange loss for exports due to appreciation of the yen," a manager at a transport equipment maker said
- "The yen's rise helps lower the cost of imports for raw materials, but we don't feel strength in demand for our products," said a textiles/paper producer
Add's Reuters (in hope rather than expectation one would think):
- Abe's cabinet this month unveiled stimulus of 13.5 trillion yen ($135 billion) in fiscal measures, hoping it would help the economy counter external headwinds and sustain a recovery. The Bank of Japan expanded monetary stimulus last month via a modest increase in purchases of risky assets and it remains under pressure to do more in September, when it conducts a comprehensive review of the effects of its stimulus programme.
--
- Monthly poll of 533 big and mid-sized firms on August 1-16
- 275 responded
- Taken just as Prime Minister Shinzo Abe unveiled new economic stimulus early this month
