Reuters Tankan shows Japan Manufacturers Index halving in May, lowest since Feb. 2021

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 JPY The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by Read this Term shows little response: