Japan Reuters Tankan - Manufacturing index +9 in April from -1 in March ...Middle East

Japanese manufacturers reported a rebound in sentiment in April, according to the latest Reuters Tankan survey, but the outlook for the next quarter has turned gloomy amid rising concerns over U.S. tariffs. The manufacturers’ index rose to +9 from -1 in March, indicating more optimism than pessimism. However, sentiment is expected to weaken again by July, with the index projected to slip back to zero.

Uncertainty around U.S. trade policy was the dominant theme, though some firms also flagged weak Chinese demand as a headwind, along with low-priced Chinese goods reportedly undercutting the domestic market.

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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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