Japan Reuters Tankan Index

Last Release

Feb 28, 2025

Actual

Units In

Points

Frequency

Monthly

Next Release

Mar 20, 2025

Time to Release

27 Days 22 Hours

Highest	Lowest	Average	Date Range	Source
39 Jun 2006	-78 Mar 2009	1.39 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' sentiment improved for the second consecutive month, with the Reuters Tankan index rising to +3 in February 2025, up from +2 in January. The food and chemicals sectors led the growth, showing the strongest results. However, some industries, including paper, pulp, and steel, experienced a decline in sentiment in February. A manager commented, "The yen's depreciation has paused, and while material costs have surged, selling prices have only slightly increased." Other respondents pointed to rising labor and operational costs, which are putting pressure on profit margins. There were also concerns about the impact of US President Donald Trump’s broad plans to raise tariffs. Looking ahead, the sentiment index is expected to rise further to +5 in May 2025, signaling continued optimism for Japan's manufacturing sector.