The Reuters Tankan index for Japanese manufacturers increased for the second straight month to +21 in September 2026 from +18 in the previous month, marking the highest reading since December 2021, supported by solid semiconductor and data centre demand. Semiconductor-related industries drove the manufacturing index higher, with the sub-index for electronics jumping to +39 from +24 on stronger data center and semiconductor demand, reflecting AI-related spending flowing to Japanese suppliers of chips, testing equipment, and related components. Meanwhile, precision machinery remained unchanged at +29, while metal products inched up to +26 from +25. On the other hand, textiles and paper surged to +13 from zero, while steel and nonferrous metals remained at -13. Meanwhile, non-manufacturers' sentiment increased to +29 from +28, buoyed by strong domestic consumption. Looking three months ahead, manufacturers expect sentiment to improve to +27, while non-manufacturers remained at +27. source: Tankan Sponsored by Thomson Reuters

Reuters Tankan Index in Japan increased to 21 points in September from 18 points in August of 2026. Reuters Tankan Index in Japan averaged 1.91 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 September of 2026.

Reuters Tankan Index in Japan increased to 21 points in September from 18 points in August of 2026. Reuters Tankan Index in Japan is expected to be 15.00 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 17.00 points in 2027 and 16.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-08-11 11:00 PM
Reuters Tankan Index
Aug 18 13 14
2026-09-08 11:00 PM
Reuters Tankan Index
Sep 21 18 15
2026-10-08 11:00 PM
Reuters Tankan Index
Oct 21


Related Last Previous Unit Reference
Bankruptcies 830.00 1028.00 Companies Aug 2026
Tankan Large Manufacturers Index 22.00 17.00 points Jun 2026
BSI Large Manufacturing 7.60 -1.80 percent Sep 2026
Capacity Utilization MoM 107.70 107.20 points Jul 2026
Car Production 666380.00 540331.00 Units Jun 2026
Car Registrations 172839.00 242578.00 Units Aug 2026
Cement Production 3806.00 3391.00 Thousands of Tonnes Jul 2026
Changes in Inventories -2408.50 -1742.10 JPY Billion Jun 2026
Coincident Index 120.60 118.90 points Jul 2026
Composite Leading Indicator 100.30 100.29 points Aug 2026
Corporate Profits 44666.75 32627.09 JPY Billion Jun 2026
Corruption Index 71.00 71.00 Points Dec 2025
Corruption Rank 18.00 20.00 Dec 2025
Eco Watchers Survey Current 46.40 45.70 points Aug 2026
Eco Watchers Survey Outlook 48.30 45.80 points Aug 2026
Industrial Production YoY 3.90 4.90 percent Jul 2026
Industrial Production MoM -0.20 1.90 percent Jul 2026
Leading Economic Index 117.90 116.20 Points Jul 2026
Machine Tool Orders YoY 197880.00 193102.00 JPY Million Aug 2026
Machinery Orders MoM -3.70 9.70 percent Jul 2026
Manufacturing Production 4.20 4.80 percent Jul 2026
Mining Production -2.60 -7.20 percent Jul 2026
New Orders 1275.80 1687.06 JPY Billion Jun 2026
Capital Spending YoY 1.60 0.00 percent Jun 2026
Reuters Tankan Index 21.00 18.00 points Sep 2026
Tankan Small Manufacturers Index 9.00 7.00 points Jun 2026
Steel Production 6900.00 6800.00 Thousand Tonnes Jul 2026
Tankan Large All Industry Capex 11.50 3.30 percent Jun 2026
Tankan Large Manufacturing Outlook 17.00 14.00 points Jun 2026
Tankan Non-Manufacturing Outlook 28.00 29.00 points Jun 2026
Tertiary Industry Index MoM 107.10 106.70 points Jul 2026


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
21.00 18.00 39.00 -78.00 1998 - 2026 points Monthly
NSA

News Stream
Japan Manufacturers' Mood Highest Since 2021
The Reuters Tankan index for Japanese manufacturers increased for the second straight month to +21 in September 2026 from +18 in the previous month, marking the highest reading since December 2021, supported by solid semiconductor and data centre demand. Semiconductor-related industries drove the manufacturing index higher, with the sub-index for electronics jumping to +39 from +24 on stronger data center and semiconductor demand, reflecting AI-related spending flowing to Japanese suppliers of chips, testing equipment, and related components. Meanwhile, precision machinery remained unchanged at +29, while metal products inched up to +26 from +25. On the other hand, textiles and paper surged to +13 from zero, while steel and nonferrous metals remained at -13. Meanwhile, non-manufacturers' sentiment increased to +29 from +28, buoyed by strong domestic consumption. Looking three months ahead, manufacturers expect sentiment to improve to +27, while non-manufacturers remained at +27.
2026-09-08
Japan Manufacturers' Mood Highest in 5 Months
The Reuters Tankan index for Japanese manufacturers increased to +18 in August 2026 from +13 in the previous month, marking the highest reading since March, supported by solid semiconductor demand. Semiconductor-related industries drove the manufacturing index higher, with the sub-index for chemicals surging to +33 from plus 23. Meanwhile, the metal and machinery industry index strengthened to +25 from +12. However, transport equipment remained flat at zero, reflecting mixed conditions in the automotive sector. Meanwhile, non-manufacturers' sentiment advanced to +28 from +25, buoyed by strong domestic consumption. Looking ahead, manufacturers expect sentiment to be stable, with the index forecast to ease to +16 in November, suggesting some caution about the business outlook. The non-manufacturers' index is expected to stay at +28.
2026-08-11
Japan Manufacturers' Mood Steady in July
The Reuters Tankan index for Japanese manufacturers stood at +13 in July 2026, unchanged from the previous month after rising over the previous two months, supported by solid semiconductor demand. Manufacturers reported a recovery in the semiconductor market, including memory-related demand, alongside rapidly expanding orders for products used in chip applications and AI servers. "Order volumes and values are at levels we've never seen before, and we're concerned about production capacity," a manager at a precision machinery maker said. Meanwhile, non-manufacturers' sentiment fell to +25 from +32 as the Middle East conflict, a weak yen, and rising interest rates pushed up costs. Looking ahead, manufacturers expect sentiment to edge up to +14 in October, while non-manufacturers see their index holding at +25 as businesses continue to assess the fallout from geopolitical risks and supply chain challenges.
2026-07-14