Japan Reuters Tankan Index

Last Release

Jan 31, 2025

Actual

Units In

Points

-1

Frequency

Monthly

Next Release

Feb 20, 2025

Time to Release

1 Months 4 Days 23 Hours

Highest	Lowest	Average	Date Range	Source
39 Jun 2006	-78 Mar 2009	1.38 Points	1998-2025	Tankan Sponsored by Thomson Reuters

The Reuters Tankan is a monthly survey of leading Japanese companies, and it was formally known as Telerate Tankan until it was renamed after the acquisition of Quick Money line Telerate Corp. by Thomson Reuters Group. It covers a panel of 200 manufacturers and 200 non-manufacturers. The monthly figures are designed to provide early indications of the BOJs quarterly tankan. The indexes are derived by subtracting the percentage of respondents who say business conditions are poor from the percentage of those who say they are good.

Latest Updates

Japan's manufacturers showed signs of optimism in January 2025, with the Reuters Tankan sentiment index rising to +2 from -1 in December. This improvement was largely driven by stronger conditions in materials industries, although manufacturers' outlook remains cautious due to uncertainty surrounding proposed policies from former President Trump. The most notable recovery in sentiment was observed in upstream sectors such as steel, oil refining, and chemicals, fueled by a pickup in global demand. However, sentiment in machinery sectors, including automotive and electronics, declined in January. Looking ahead, manufacturers' confidence is expected to remain steady, with the three-month-ahead outlook holding at +2 for April. Even among sectors that showed improvement, concerns lingered, with many respondents pointing to weak domestic demand in Japan. Several chemical industry leaders also expressed caution, citing challenges in local markets.