Tag: tankan

Business confidence up among Japan’s big manufacturers

TOKYO, Dec 13, 2023 (AFP) – Confidence among Japan’s largest manufacturers has risen for a third straight quarter, a key survey showed Wednesday. The Bank of Japan’s Tankan survey showed business confidence rising to a reading of plus 12, up from plus nine three months earlier. The poll reports the difference between the percentage of firms that are upbeat and those not, with a positive figure meaning more businesses feel optimistic. The headline figure — […]

Optimism wanes among Japan’s major manufacturers

TOKYO, Japan (AFP) — Business confidence fell among Japan’s largest manufacturers for the third straight quarter, a closely-watched survey showed Monday, defying analyst expectations for a rise in sentiment. The Bank of Japan’s Tankan survey shows major manufacturers are still much more upbeat than during the gloomiest days of the Covid-19 pandemic. But inflation, including higher energy prices fueled by the war in Ukraine, has weighed on business confidence this year, analysts say. The quarterly […]

Supply crunch, inflation deflate Japan Inc confidence

TOKYO, Japan (AFP) — Confidence among Japan’s largest manufacturers sagged for a second quarter on rising costs and supply constraints, though the service sector was boosted by economic reopening, a key survey showed Friday. The Bank of Japan’s closely watched Tankan survey showed confidence among large manufacturers at plus nine, below expectations of 12 and sharply lower than the 14 in the March survey. A positive figure means more manufacturers see business conditions as favorable […]