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The latest quarterly surveys from the Bank of Japan showed business sentiment among large manufacturers worsening for the third consecutive quarter.

The declines came amid concerns about increasing trade uncertainty as well as the impact of natural disasters. The U.S. is still negotiating a trade deal with Japan.

forex BoJ
BoJ Tankan Surveys, Q3 2018

The tankan surveys were measured across over 9000 firms between the periods of August 27 and September 28th. Of the total firms, 99.6 percent responded to the survey.

Manufacturing survey falls to 19

Data from the Bank of Japan measures the confidence among companies. It includes the automobile, electronics makers among a others. The manufacturing Tankan survey regsitered at 19 in September.

This was down from 21 in the second quarter and also missed estimates of an increase to 22.

The third quarterly decline showed a long streak of negative sentiment in the tankan index since the periods of December 2007 and March 2009. The data underlined the view...

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