<p>A Bank of Japan official comments on the divergence seen in the Tankan:</p><ul><li> Many manufacturers cited rising raw material and fuel costs, overseas economic slowdown and weak chip demand as factors weighing on sentiment</li><li>Non-manufacturers cited the fading impact of covid-19 pandemic, and govt tourism subsidies as contributing to the improvement in sentiment</li></ul><p>The background to this is what was noted in the Q1 Tankan report:</p><ul><li> big manufacturers' sentiment index hits lowest level since Dec 2020</li><li>big non-manufacturers' sentiment index hits highest level since Dec 2019</li><li>big manufacturers sentiment index worsens for fifth straight quarter</li></ul><p><a href="https://ift.tt/tq7J0fA" target="_blank" rel="follow">Tankan</a> post is here. </p> This article was written by Eamonn Sheridan at www.forexlive.com.

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