The Reuters Tankan index for Japanese manufacturers edged up to 8.0 in May 2026 from 7.0 in April, as commodity-related industries recovered from the sharp deterioration caused by the Iran war. Improvements were seen in chemicals, steel, and nonferrous metals, supported by front-loaded demand and a rebound in materials sectors. However, the recovery in overall factory sentiment remained limited, as confidence among transport machinery firms, including automakers and suppliers, weakened further amid supply constraints linked to disruptions in the Strait of Hormuz. Food processors and textile-related industries also remained deeply pessimistic due to rising raw material costs and the weak yen. Meanwhile, non-manufacturers’ sentiment fell to 29.0 from 31.0. Both manufacturing and services firms expect conditions to weaken further by August amid ongoing concerns over the Iran war, supply disruptions, and elevated energy costs. source: Tankan Sponsored by Thomson Reuters

Reuters Tankan Index in Japan increased to 8 points in May from 7 points in April of 2026. Reuters Tankan Index in Japan averaged 1.74 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 May of 2026.

Reuters Tankan Index in Japan increased to 8 points in May from 7 points in April of 2026. Reuters Tankan Index in Japan is expected to be 9.00 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
2026-04-15 12:00 AM
Reuters Tankan Index
Apr 7 18 15
2026-05-20 12:00 AM
Reuters Tankan Index
May 8 7 8
2026-06-17 11:00 PM
Reuters Tankan Index
Jun 8 9


Related Last Previous Unit Reference
Bankruptcies 883.00 924.00 Companies Apr 2026
Tankan Large Manufacturers Index 17.00 16.00 points Mar 2026
BSI Large Manufacturing 3.80 4.70 percent Mar 2026
Capacity Utilization MoM 103.70 105.00 points Mar 2026
Car Production 633712.00 576093.00 Units Feb 2026
Car Registrations 223369.00 265438.00 Units Apr 2026
Cement Production 3770.00 3330.00 Thousands of Tonnes Mar 2026
Changes in Inventories -1738.50 -1406.50 JPY Billion Mar 2026
Coincident Index 116.50 116.20 points Mar 2026
Composite Leading Indicator 100.34 100.28 points Apr 2026
Corporate Profits 30027.03 27538.53 JPY Billion Dec 2025
Corruption Index 71.00 71.00 Points Dec 2025
Corruption Rank 18.00 20.00 Dec 2025
Eco Watchers Survey Current 40.80 42.20 points Apr 2026
Eco Watchers Survey Outlook 39.40 38.70 points Apr 2026
Industrial Production YoY 2.40 0.40 percent Mar 2026
Industrial Production MoM -0.40 -2.00 percent Mar 2026
Leading Economic Index 114.50 113.20 Points Mar 2026
Machine Tool Orders YoY 188971.00 193506.00 JPY Million Apr 2026
Machinery Orders MoM -9.40 13.60 percent Mar 2026
Manufacturing Production 2.50 0.30 percent Mar 2026
Mining Production -4.20 -1.70 percent Mar 2026
New Orders 1177.64 1254.29 JPY Billion Mar 2026
Capital Spending YoY 6.50 2.90 percent Dec 2025
Reuters Tankan Index 8.00 7.00 points May 2026
Tankan Small Manufacturers Index 7.00 6.00 points Mar 2026
Steel Production 6900.00 6400.00 Thousand Tonnes Mar 2026
Tankan Large All Industry Capex 3.30 12.60 percent Mar 2026
Tankan Large Manufacturing Outlook 14.00 15.00 points Mar 2026
Tankan Non-Manufacturing Outlook 29.00 28.00 points Mar 2026
Tertiary Industry Index MoM 105.70 105.90 points Mar 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
8.00 7.00 39.00 -78.00 1998 - 2026 points Monthly
NSA

News Stream
Japan Manufacturer's Mood Slightly Improves
The Reuters Tankan index for Japanese manufacturers edged up to 8.0 in May 2026 from 7.0 in April, as commodity-related industries recovered from the sharp deterioration caused by the Iran war. Improvements were seen in chemicals, steel, and nonferrous metals, supported by front-loaded demand and a rebound in materials sectors. However, the recovery in overall factory sentiment remained limited, as confidence among transport machinery firms, including automakers and suppliers, weakened further amid supply constraints linked to disruptions in the Strait of Hormuz. Food processors and textile-related industries also remained deeply pessimistic due to rising raw material costs and the weak yen. Meanwhile, non-manufacturers’ sentiment fell to 29.0 from 31.0. Both manufacturing and services firms expect conditions to weaken further by August amid ongoing concerns over the Iran war, supply disruptions, and elevated energy costs.
2026-05-20
Japan Reuters Tankan Falls to 3-Month Low
The Reuters Tankan index for Japanese manufacturers fell to 7.0 in April 2026, down sharply from 18.0 in the previous month, marking the biggest monthly drop since January 2023 and the first decline in three months. The latest reading pointed to a clear deterioration in business sentiment, as surging oil prices and supply-chain disruptions stemming from the Middle East conflict drove up input costs and weighed on operations. Lingering uncertainty over global trade conditions, alongside currency volatility, including a weaker yen, further clouded the outlook. As a result, firms have turned more cautious, scaling back expectations for production and capital spending in the months ahead.
2026-04-15
Japan Manufacturers’ Mood Hits Over 4-Year High
The Reuters Tankan index for Japanese manufacturers jumped to +18 in March 2026 from +13 in February, marking its strongest level since December 2021, as a near-term rebound in industrial momentum was supported by robust semiconductor-related demand and a pickup across key manufacturing sectors. The improvement was broad-based, led by chemicals and petroleum-linked industries, where sentiment surged alongside stronger demand tied to the semiconductor cycle. Transport machinery, a core pillar of Japan’s export economy, also showed resilience amid solid vehicle production and healthy order books. Meanwhile, the steel and non-ferrous metals segment remained deeply negative due to weak demand linked to the auto sector. Looking ahead, manufacturers expect sentiment to ease to +14 by June, reflecting rising uncertainty from the Middle East conflict, elevated input costs, and external demand risks.
2026-03-18