- Analytics
- News and Tools
- Market News
- Sentiment at Japan’s big businesses improves despite looming threat from China
Sentiment at Japan’s big businesses improves despite looming threat from China
As per the latest Reuters Tankan monthly survey for August, optimism at Japan’s big manufacturing and non-manufacturing companies improves even as concerns about China prod the optimism.
That said, the headline big manufacturers' Sentiment Index came in at 12 versus 3 marked in July whereas the non-manufacturers’ Sentiment Index jumps to 32 for August from 23 marked the previous month. Further details unveil that the big manufacturer's Outlook Index was seen at 14 in November while the same for the services sector could flash the 26 mark in November.
As an additional finding, the survey report also stated that the Japanese business mood improves but China's impact dims outlook.
Market impact
The news fails to move the needle of the USD/JPY pair as it stays firmer around 145.60 while targeting the yearly peak from which the Yen pair reversed the previous day, due to the initial pullback in the US Dollar.
Also read:USD/JPY trades flat following US Retail Sales, still above 145.00
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
