Bank of Japan Tankan

In the BoJ March Tankan Survey, large manufacturers' sentiment fell to -8 from 0 in previous quarter.

Published quarterly by the Bank of Japan. Updated till the quarter of January-March 2020 (published on April 1st, 2019).

Brief Overview of "Tankan"

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. 

For more information, visit the official government page

BoJ Tankan by Industries

Source: BoJ, JMA

The Next Release Date: July 1st, 2020

 

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