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<p>This is from the Business Sentiment Index, a quarterly survey conducted by the MoF of around 10K Japanese firms.</p><p>The BSI Large Manufacturing index is the 'headline' result. Its dropped to -10.5 q/q</p><ul><li>prior was -3.6</li></ul><p>The Large All Industry has dropped to -3.0 from the prior of +0.7</p><p>-</p><p>As I noted earlier ICYMI:</p><ul><li>measures the level of optimism or pessimism among Japanese businesses about the current and future economic conditions</li><li>calculated using a diffusion index, which, in very brief, subtracts companies reporting a decline in business conditions from those reporting an improvement</li><li> a positive value indicates that more companies are optimistic about the economic outlook</li><li>a negative value indicates more companies are pessimistic</li></ul>

                This article was written by Eamonn Sheridan at www.forexlive.com.