The Reuters Tankan monthly poll is intended to track the quarterly Bank of Japan tankan survey.
The results for May 2022 have been published.
- May manufacturers' sentiment index +5 vs April +11
- Manufacturers' mood hits lowest since Feb 2021
- May service sector index +13 vs +8 in April
- manufacturers' business confidence was seen falling to 3 in August, while that of service-sector firms was expected to fall slightly to 12
- firms faced headwinds from persistently high raw material costs and Chinese coronavirus lockdown measures.
Some comments from survey participants:
- "We're seeing a decrease in our workload as carmakers are facing impact on their output from chip shortages and Chinese coronavirus lockdowns that are causing parts supply delays," said a manager at a transportation equipment maker.
- "Soaring raw material prices could not sufficiently be passed on," said a manager at a metal products maker.
- Another manager, at a construction firm, said purchasing prices of goods had soared due to Russia's invasion of Ukraine.
Reuters Tankan monthly poll:
- poll of 499 big and mid-sized companies
- conducted from April 26 to May 13
- 236 responses
- The Reuters Tankan index readings are calculated by subtracting the percentage of respondents who say conditions are poor from those who say they are good. A positive reading means optimists outnumber pessimists.
jpy shows little response: