Bank of Japan Tankan

In the BoJ December Tankan Survey, large manufacturers' sentiment fell to -10 from -27 in previous quarter.

Published quarterly by the Bank of Japan. Updated till the quarter of Octo-Dec 2020 (published on December 14th, 2019).

Brief Overview of "Tankan"

“Tankan” is a shortened word in Japanese for “Tanki Kansoku”, meaning Short-term Observation. The statistics are officially named in English as the "Short-Term Economic Survey of Enterprises in Japan". Tankan surveys in the proximity of 10,000 companies on their various business conditions. The results of these surveys are one of the speediest indicators for corporate earnings. As you can see from charts above, Tankan's quarterly business condition DI results have a very high correlation with the operating profit for the quarter. In addition to this, the Tankan results are published well in advance of most corporate disclosures for the quarter. For this reason, the Tankan results attract close financial market attention, although in recent years, the results have not moved the market as much as they used to. Besides the business condition DI, Tankan includes a whole set of DIs, including the employment condition DI, which creates 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: April 1st, 2021


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