Japan manufacturer sentiment worsens in June to +6, from +8 in May ...Middle East

The manufacturers’ index fell to +6 in June from +8 in May, with expectations it will drop further to +2 in the next three months.

Firms cited uncertainty over U.S. trade policy, especially tariffs on autos and parts, as a key headwind. One machinery firm noted clients were holding off on capex, while a chemical producer said a client had moved production to the U.S. to sidestep tariffs. Others pointed to China’s weak demand and rare earth export curbs as additional pressure.

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Reuters Tankan is a monthly survey that seeks to track the Bank of Japan's tankan quarterly survey

respondents spoke on the condition of anonymityReuters Tankan indexes are calculated by subtracting the percentage of pessimistic respondents from optimistic ones. A positive reading means optimists outnumber pessimists. This article was written by Eamonn Sheridan at www.forexlive.com.

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