Tankan Reuters from April 2024:
- The manufacturing index fell to +9, from +10 in March
- The non-manufacturing index fell to 25, from +32 in March
The Reuters report on the results highlights:
- pulled down by cost-of-living pressures and precarious economic conditions in China’s main market
- the weakening of the yen to levels not seen since 1990 is driving up the cost of imports, which is a major blow to household consumption,
- the falling currency boosted the value of exports, but the volume of shipments did not benefit as much
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Reuters Tankan surveyed 497 large non-financial Japanese companies, of which 235 responded during the survey period.
Reuters Tankan is a monthly survey that seeks to follow the Bank of Japan’s quarterly tankan survey.
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