Japan Reuters Tankan Index

Last Release

Nov 30, 2024

Actual

Units In

Points

Frequency

Monthly

Next Release

Dec 04, 2024

Time to Release

26 Days 23 Hours

Highest	Lowest	Average	Date Range	Source
39 Jun 2006	-78 Mar 2009	1.39 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

The Reuters Tankan sentiment index for Japan's manufacturers fell to +5 in November 2024 from +7 in October amid growing concern over business conditions, driven by China's economic slowdown and ongoing inflationary pressures. Respondents also highlighted volatility in currency markets and uncertainty surrounding the U.S. presidential election as additional sources of risk. One manager expressed concern over the slump in Japanese automakers' sales in China, noting that this downturn was affecting the auto parts industry, while demand for environmentally-related products remained sluggish due to weak Chinese market conditions. Another respondent mentioned that rising material costs were gradually squeezing profits, despite continued demand. Looking ahead, manufacturers expect only a modest improvement in business sentiment over the next three months, with the index forecast to rise to +6. The monthly Reuters poll serves as an early indicator for the BOJ's quarterly Tankan survey.