Reuters Japan monthly tankan – manufacturers index less pessimistic but non-manufacturers slump deeper negative

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The monthly Reuters poll seeks to track the Bank of Japan’s tankan quarterly survey.

• January manufacturers’ sentiment index -1 vs December -9
• Service-sector
  index -11 in January vs December -4

The manufacturing index is at its highest (note still net pessimistic) since July 2019. 

The numbers, index readings, are derived by subtracting the percentage of respondents who say conditions are poor from those who say they are good. A negative reading means pessimists outnumber optimists.