Japan Manufacturers Index +7 in July vs +6 in June
Manufacturers seen at +8 in October, Non-Manufacturers at +27
Looking ahead, manufacturers expect sentiment to rise to +8 by October, though service firms see a modest dip to +27.
Business leaders cited lingering uncertainty around U.S. trade policy and global geopolitical tensions, particularly in the Middle East, as dampening capital spending appetite.
The results come amid mounting global trade headwinds and weak domestic data, with Japan’s economy contracting in Q1 and May exports falling for the first time in eight months.
The July Reuters Tankan is the first for Q3. Looking back at Q2:
April 2025: Japanese manufacturers' sentiment rebounded to +9 in April from -1 in March, marking the highest level since August 2024. This improvement was attributed to a temporary boost in orders. However, the outlook remained cautious due to concerns over U.S. tariffs and weak demand from China. The service-sector index rose to +30 from +25 in March, driven by optimism in real estate and information services, though shipping firms expressed concerns over rising labor costs and declining volumes amid escalating Sino-U.S. trade tensions.May 2025: In May, the manufacturers' index edged down to +8 from April's +9, indicating a slight dip in business confidence. Companies cited uncertainty surrounding shifting U.S. tariff policies and concerns over China's economy as key risks. The service-sector index remained steady at +30, with the transport sector experiencing a temporary lift due to increased vehicle production, though the overall outlook remained cautious.June 2025: June saw a further decline in manufacturers' sentiment to +6 from May's +8, marking the second consecutive monthly drop. The weakening sentiment reflects growing caution among firms amid ongoing U.S. tariff uncertainties and subdued Chinese demand. The service-sector index held steady at +30, supported by active IT investments and inbound tourism, though rising labor costs and shortages weighed on some businesses. This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about japan manufacturers sentiment improved in july despite tariff worries reuters tankan was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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