Japan corporate pessimism eases from 11-year low - BOJ tankan

The headline index for big manufacturers' sentiment improved to minus 27 in September versus minus 34 in June, which was the lowest level since June 2009, the closely watched survey showed on Thursday. The result compared with economists' median estimate of minus 23 in a Reuters poll, and marked the first improvement in seven quarters.

Japanese manufacturers were less pessimistic in July-September compared with the previous quarter when the coronavirus pandemic had pushed down business sentiment to an 11-year low, the central bank's "tankan" survey showed. The headline index for big manufacturers' sentiment improved to minus 27 in September versus minus 34 in June, which was the lowest level since June 2009, the closely watched survey showed on Thursday.

The result compared with economists' median estimate of minus 23 in a Reuters poll, and marked the first improvement in seven quarters. For the POLL story on the survey:

Survey results on the BOJ's website: https://www.boj.or.jp/en/statistics/tk/gaiyo/2016/tka2009.pdf

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