Bank of Japan Q1 2025 Tankan report
more to come
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The Reuters Tankan Index provides a monthly snapshot assessing Japanese business sentiment ahead of the quarterly report from the BoJ. For Q1 we've had:
January 2024: In January, Japanese manufacturers' sentiment declined for the first time in four months, with the index dropping to +6 from December's +12. This downturn was attributed to concerns over weak demand from China and other global markets. Conversely, the service-sector index improved to +29 from the previous month's +26, indicating a more positive outlook in domestic services
February 2024: February saw manufacturers' sentiment tumble into negative territory, with the index at -1, down from January's +6—the first negative reading in 10 months. This decline reflected growing pessimism amid global economic uncertainties. The service-sector index also experienced a slight dip, decreasing to +26 from January's +29, suggesting a modest softening in service-sector confidence.
March 2024: In March, business sentiment among Japanese manufacturers worsened further, with the index remaining in negative territory at -1. This sustained pessimism was largely due to concerns over U.S. tariff policies and a sluggish Chinese economy. The service-sector sentiment index also declined to +25 from February's +30, indicating continued challenges in the service industry.
These fluctuations highlight the sensitivity of Japan's manufacturing and service sectors to international trade dynamics and global economic conditions during the first quarter of 2024.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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