The Reuters Monthly Tankan Survey is a guide to the Bank of Japan's quarterly Tankan Survey.
For June 2024:
- The Manufacturers Index is +6, from +9 in May
- Positive for the fourth month in a row
- Japanese manufacturers say their low confidence is due to high material costs.
- Non-manufacturers +31, from +26 in May
Expectations:
- Manufacturers were seen at +9 in September, and non-manufacturers were seen at +31
Some statements reported by Reuters:
- “The transfer of material costs to customers and the increase in labor costs are dampening the appetite for capital and other spending.” Director of Machinery Manufacturing
Concerns about the fallout from a scandal in the auto industry in which Toyota, Mazda and others admitted irregularities in vehicle certification tests:
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“It is clear that the business environment surrounding industrial machinery is changing for the worse,” wrote one automotive manager. “It is unclear how the certification issue will impact our business.”
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The Bank of Japan is scheduled to issue the next Tankan on July 1 at 8.50am Tokyo time (2350 GMT, 1850 EDT on June 30).
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The Reuters Tankan is a monthly survey that seeks to track the Bank of Japan's quarterly Tankan survey
- The participants spoke on condition of anonymity
- Reuters Tankan indices are calculated by subtracting the ratio of pessimistic participants from optimistic participants. A positive reading means that the number of optimists exceeds the number of pessimists.
