Japan Reuters Tankan Index

Last Release

Dec 31, 2024

Actual

-1

Units In

Points

Frequency

Monthly

Next Release

Jan 16, 2025

Time to Release

1 Months 4 Days 22 Hours

Highest	Lowest	Average	Date Range	Source
39 Jun 2006	-78 Mar 2009	1.38 Points	1998-2024	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 manufacturing sentiment took a sharp downturn in December 2024, with the Reuters Tankan index falling to -1, down from +5 in November. This marks the first negative reading in ten months, reflecting growing concerns over US protectionist policies and the struggling Chinese economy. Business confidence deteriorated across a broad range of manufacturing sectors, with pessimism significantly outweighing optimism, particularly among electronics, machinery, steel, and nonferrous metal manufacturers. Several respondents expressed worry over the potential impact of new, hefty tariffs proposed by Trump, fearing that these measures could disrupt global trade. One respondent noted, "We are seeing many investment projects delayed as a 'wait-and-see' approach has taken hold since Trump's election victory." Another cited weak sales in China, where a combination of a prolonged property crisis, high local-government debt, and sluggish consumption continues to strain the economy.