The Reuters Tankan sentiment index for manufacturers in Japan fell sharply to -6 in January 2023, turning negative for the first time in two years, reflecting a slow recovery from the pandemic amid rising costs and economic uncertainties. The negative reading in the monthly survey which preempts the Bank of Japan’s quarterly Tankan report indicated that the number of firms which said business conditions were poor was greater than those that said they were good. "Uncertainty over the business environment and capital spending by our clients is growing due to the spread of the coronavirus in China and rises in raw material costs due to the Ukraine war,” one respondent said. Another said: "Prices are rising everywhere including prices for gas and electricity, materials, shipping and processing machinery. And some clients won't swallow price hikes, squeezing our profits to a degree.” Looking ahead, Japanese firms expect business conditions to improve to +6 in April. source: Tankan Sponsored by Thomson Reuters
Reuters Tankan Index in Japan averaged 1.09 points from 1998 until 2023, reaching an all time high of 39.00 points in June of 2006 and a record low of -78.00 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 February of 2023.
Reuters Tankan Index in Japan is expected to be 9.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.