Reuters Tanakan aims to provide the same information monthly as the Bank of Japan’s quarterly report of the same name.
Japanese manufacturers’ business confidence rose in July to hit a more than two-and-a-half-year high
- 25 vs. 22 in June
- boost from strong confidence at car, chemical and metal products makers
- negative conditions in the textiles and paper sector
- -3 in July vs 0 in June
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.
- Survey conducted June 30-July 9
- survey of 503 large- and mid-sized companies of which 257 firms responded