The Reuters Tankan index for Japanese manufacturers fell to +7 in January 2026 from +10 in December, marking its weakest reading in six months as slowing demand from major economies weighed on materials heavy industries. Oil and ceramics saw one of the sharpest deteriorations, with sentiment dropping to zero, while steel slid deeper into negative territory and chemicals confidence also weakened. Firms pointed to subdued conditions across key export markets, with one steelmaker citing weaker Chinese demand for automotive related products. Others flagged softer consumer spending in the US and China, alongside the drag from tariffs on exports. Meanwhile, sentiment in autos and electronic machinery slipped only modestly, indicating parts of Japan’s industrial base remain more resilient than materials producers that are more exposed to the global cycle. Looking ahead, manufacturers expect confidence to recover to +10 by April. source: Tankan Sponsored by Thomson Reuters

Reuters Tankan Index in Japan decreased to 7 points in January from 10 points in December of 2025. Reuters Tankan Index in Japan averaged 1.62 points from 1998 until 2026, 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 2026.

Reuters Tankan Index in Japan decreased to 7 points in January from 10 points in December of 2025. Reuters Tankan Index in Japan is expected to be 7.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Reuters Tankan Index is projected to trend around 12.00 points in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-09 11:00 PM
Reuters Tankan Index
Dec 10 17 12
2026-01-14 12:00 AM
Reuters Tankan Index
Jan 7 10 11
2026-02-19 12:00 AM
Reuters Tankan Index
Feb 7


Related Last Previous Unit Reference
Bankruptcies 928.00 778.00 Companies Dec 2025
Tankan Large Manufacturers Index 15.00 14.00 points Dec 2025
BSI Large Manufacturing 4.70 3.80 percent Dec 2025
Capacity Utilization MoM 100.00 105.60 points Nov 2025
Car Production 587348.00 699029.00 Units Nov 2025
Car Registrations 200047.00 181628.00 Units Jan 2026
Cement Production 3945.00 3891.00 Thousands of Tonnes Nov 2025
Changes in Inventories 1757.40 2871.60 JPY Billion Sep 2025
Coincident Index 114.50 114.90 points Dec 2025
Composite Leading Indicator 100.50 100.41 points Jan 2026
Corporate Profits 27538.53 35833.77 JPY Billion Sep 2025
Corruption Index 71.00 73.00 Points Dec 2024
Corruption Rank 20.00 16.00 Dec 2024
Eco Watchers Survey Current 48.60 48.70 points Dec 2025
Eco Watchers Survey Outlook 50.50 50.30 points Dec 2025
Industrial Production YoY 2.60 -2.20 percent Dec 2025
Industrial Production MoM -0.10 -2.70 percent Dec 2025
Leading Economic Index 110.20 109.90 Points Dec 2025
Machine Tool Orders YoY 158240.00 136291.00 JPY Million Dec 2025
Machinery Orders MoM -11.00 7.00 percent Nov 2025
Manufacturing Production 2.60 -2.20 percent Dec 2025
Mining Production -4.80 -3.00 percent Dec 2025
New Orders 1019.14 1145.61 JPY Billion Nov 2025
Capital Spending YoY 2.90 7.60 percent Sep 2025
Reuters Tankan Index 7.00 10.00 points Jan 2026
Tankan Small Manufacturers Index 6.00 1.00 points Dec 2025
Steel Production 6600.00 6800.00 Thousand Tonnes Dec 2025
Tankan Large All Industry Capex 12.60 12.50 percent Dec 2025
Tankan Large Manufacturing Outlook 15.00 12.00 points Dec 2025
Tankan Non-Manufacturing Outlook 28.00 28.00 points Dec 2025
Tertiary Industry Index MoM 105.50 105.70 points Nov 2025


Japan Reuters Tankan Index
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.
Actual Previous Highest Lowest Dates Unit Frequency
7.00 10.00 39.00 -78.00 1998 - 2026 points Monthly
NSA

News Stream
Japan Manufacturers’ Mood Hits 6-Month Low
The Reuters Tankan index for Japanese manufacturers fell to +7 in January 2026 from +10 in December, marking its weakest reading in six months as slowing demand from major economies weighed on materials heavy industries. Oil and ceramics saw one of the sharpest deteriorations, with sentiment dropping to zero, while steel slid deeper into negative territory and chemicals confidence also weakened. Firms pointed to subdued conditions across key export markets, with one steelmaker citing weaker Chinese demand for automotive related products. Others flagged softer consumer spending in the US and China, alongside the drag from tariffs on exports. Meanwhile, sentiment in autos and electronic machinery slipped only modestly, indicating parts of Japan’s industrial base remain more resilient than materials producers that are more exposed to the global cycle. Looking ahead, manufacturers expect confidence to recover to +10 by April.
2026-01-14
Japan Manufacturers’ Mood Weakens in December
The Reuters Tankan index for Japanese manufacturers fell to +10 in December 2025 from a near four-year high of +17 in November, as fiscal and growth concerns weighed on sentiment. Revised data showed that the economy contracted more than initially estimated in the third quarter. Prime Minister Sanae Takaichi’s large spending plans added to worries over Japan’s fiscal health, while expectations of a Bank of Japan rate hike this month further clouded the economic outlook. The steel and nonferrous metals sub-index dropped sharply to -33 in December from -11 in November, while the textiles, paper, and pulp sector remained flat for a second consecutive month. The monthly poll serves as a leading indicator for the BOJ’s quarterly Tankan survey.
2025-12-10
Japan Manufacturers’ Mood Hits Near 4-Year High
The Reuters Tankan index for Japanese manufacturers rose to +17 in November 2025 from +8 in October, marking its strongest level since January 2022 as a weaker yen boosted global demand for cars and electronics. The electronics sub-index led the gains, surging from +5 to +25 on stronger chip-related orders and improved export competitiveness. The auto and transport machinery sector also rebounded sharply, climbing to +27 from +9 amid stable orders and currency tailwinds. Still, some firms cautioned that supply constraints and soft sales could limit momentum in the months ahead. The overall manufacturing index is projected to ease to +15 by February, with firms pointing to reduced output at major automakers such as Honda and Nissan, both recently lowering production targets. Business leaders also voiced concern that US tariffs and escalating trade frictions with China could weigh on exports.
2025-11-12