A post by @FirstSquawk on X.

Japan’s Eco Watchers Survey outlook index fell to a seasonally adjusted 46.5, missing the 47.1 estimate and down from 47.4 previously. The weaker-than-expected reading signals deteriorating sentiment among Japan’s economy watchers, a group that includes taxi drivers, retailers and other street-level observers. The miss matters because it adds to evidence of softening momentum in Japan’s domestic economy and may weigh on expectations for consumption and near-term growth. Traders will watch upcoming household spending, retail sales and BoJ communications for confirmation of whether sentiment weakness is translating into weaker activity.