The Reuters Tankan sentiment index for manufacturers in Japan rose to 9 in June 2022 from 5 in the previous month, as resilient demand helped firms withstand pressure from high raw material prices, in a sign of a gradual economic recovery. The improvement was driven by chemical firms as well as metal products and machinery makers. The monthly Reuters poll, which strongly correlates with the Bank of Japan’s quarterly tankan survey, found sentiment among manufacturing firms was expected to improve over the next three months, though companies reported pressure from rising costs aggravated by a weaker yen. The data also comes amid uncertainty over the economic outlook in Asia as a result of China’s heavy-handed approach to stamping out COVID-19 outbreaks. Meanwhile, the BOJ is widely expected to maintain its ultra-easy policy, unfazed by a relentless fall in the yen that has boosted import costs. source: Tankan Sponsored by Thomson Reuters
Reuters Tankan Index in Japan averaged 0.97 points from 1998 until 2022, reaching an all time high of 39 points in June of 2006 and a record low of -78 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 June of 2022.
Reuters Tankan Index in Japan is expected to be 4.00 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 15.00 points in 2023 and -4.00 points in 2024, according to our econometric models.