The manufacturers' sentiment index rose to +3, up from +2 in January, marking its highest level since November. Further improvement is expected in the coming months, with the index projected to rise to +5 by May.
This gradual recovery has been driven by stronger sentiment in the food and chemicals industries, as firms report some relief from surging material costs and a stabilization in the yen’s depreciation. However, not all sectors shared the optimism—industries like paper, pulp, and steel continued to struggle with deteriorating sentiment.
This level is expected to hold steady through May.
The construction and real estate sectors saw the biggest declines, as rising labor costs squeezed profit margins. Some business leaders also voiced concerns over potential economic headwinds, including the impact of U.S. trade policy under President Donald Trump, escalating Sino-U.S. trade tensions, and uncertainty in China’s economic outlook.
The Reuters Tankan survey was conducted between February 4-14 by Nikkei Research
responses from over 230 large Japanese non-financial firms This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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