The Reuters Tankan index in Japan fell by 2 points from the previous month to -46 in June 2020, the lowest level since June 2009, as manufacturers see a prolonged global economic downturn from the coronavirus pandemic. By sector, sentiment deteriorated at firms producing steel, nonferrous metals (-88 vs -71 in May), autos, transport equipment (-80 vs -70), precision machinery, others (-71 vs -47), electric machinery (-35 vs -21) and chemicals (-33 vs -31). Meanwhile, there was an improvement in confidence at companies producing oil refinery, ceramics (-22 vs -37), food (-27 vs -40), metal products, machinery (-36 vs -52) and textiles, paper (-38 vs -55). The service-sector sentiment edged up to -32 in June from -36 in May.
Reuters Tankan Index in Japan averaged 0.89 points from 1998 until 2020, reaching an all time high of 39 points in June of 2006 and a record low of -78 points in March of 2009. This page provides - Japan Reuters Tankan Index- actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Reuters Tankan Index - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.
Reuters Tankan Index in Japan is expected to be -35.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Reuters Tankan Index in Japan to stand at 5.00 in 12 months time. In the long-term, the Japan Reuters Tankan Index is projected to trend around -4.00 points in 2021, according to our econometric models.