Published quarterly by the Bank of Japan. Updated till the quarter of January-March 2019 (published on April 1st, 2018).
Recent data trend:
The March BoJ Tankan result showed a rapid deterioration in the business condition for manufacturers. The reports contained a number of positive surprises though. Business condition DI for small manufacturers improved in March, renewing its historical high. Additionally, the capital investment outlook for the fiscal year 2019 was less dire than expected. It seems that not all hopes are lost.
The large manufacturers' business condition DI deteriorated sharply from 19 in December 2018 to 12 in ... To read more, please become a our Standard subscriber. If you are already a JMA subscriber please login
Tankan is a short-hand in Japanese for Tanki Kansoku, meaning Short-term Observation. The statistics are officially named in English as "Short-Term Economic Survey of Enterprises in Japan". Tankan surveys a total of 10,000 companies on their various business conditions and the results are one of the speediest indicators for corporate earnings. As you can see from charts below, Tankan's quarterly business condition DI results have very high correlations with the operating profit for the quarter and Tankan results are published well in advance of most corporate disclosure for the quarter. For this reason, Tankan results attract close financial market attention, although in recent years the results do not move the market as much as they used to. Besides business condition DI, Tankan includes a whole set of DIs such as employment condition DI that gives an indication of corporations' need for additional hiring.
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BoJ Tankan by Industries
Source: BoJ, JMA
The Next Release Date: July 1st, 2019