Japan's Big Manufacturers Maintain Steady Sentiment in Q3, Tankan Survey Shows

The Bank of Japan's latest tankan survey highlights steady optimism among big manufacturers and improved sentiment among non-manufacturers, signaling economic resilience.

• Big manufacturers' sentiment index remained at +13 for the July-September quarter, consistent with the previous quarter.
• Sentiment among large non-manufacturers improved slightly to +34, up from +33 in the previous quarter.
• The survey results align with market forecasts and underscore the strength of domestic demand.
• Japan's economy grew at an annual rate of 2.9%, driven by steady wage growth and consumer spending despite global economic challenges.
• The Bank of Japan will consider the tankan survey in its upcoming monetary policy meeting on October 30-31, where fresh growth and inflation forecasts will be released.

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