Japanese manufacturers are more confident in August due to a trade deal with the U.S., but remain cautious about future U.S. tariff impacts. The sentiment index rose to plus 9, but is projected to decline to plus 4 in the next three months. The transport machinery sector saw a surge, but the food industry experienced a sharp decline.

Non-manufacturers’ business sentiment index fell to plus 24 in August from plus 30 in July. Real estate, construction, and retail firms reported declines in their indexes, but remained in positive territory. Some retail managers cited a drop in store visitors, while a services firm manager mentioned heatwaves affecting business.

Read more at Yahoo Finance: Japan manufacturers’ sentiment rises in August after US trade deal, but tariffs cloud outlook: Reuters poll