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Confidence at big Japanese manufacturers fell the most in eight months, while morale in the services sector also slumped on worries a slowdown in China's economy could be a bigger drag on growth globally and at home, a Reuters poll for September showed on Wednesday.
The Reuters Tankan monthly poll of 502 big manufacturers, showed a sharp fall in the sector's sentiment index to plus 4, from plus 12 in August. That was the biggest drop since January when the index declined 14 points. In written comments, many Japanese firms complained about elevated input costs of raw materials as well as weak demand at home and abroad. The Ukraine war and heightened Sino-U.S. tensions were also seen as headwinds.
"Overseas markets, particularly in China, are slumping and domestic demand is also languishing," a chemicals maker manger wrote on condition of anonymity.
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