Friday, June 9

Big Japanese manufacturers remain gloomy as exports slow – Reuters Tankan


Published Mar 22, 2023 • 3 minute read

TOKYO — Big Japanese manufacturers

remained gloomy over business conditions for a third straight

month in March, the Reuters Tankan showed on Thursday, while

non-manufacturers’ sentiment rebounded in a sign of revival in

post-COVID activity.

The Reuters Tankan, which closely tracks the Bank of Japan’s

quarterly ‘tankan’ survey, canvassed 493 big non-financial

firms, of which 252 responded during the March 8-17 survey

period.

Following is a table of index readings, which are derived by

subtracting the percentage of respondents who say conditions are

poor from those who say conditions are good. A negative reading

means pessimists outnumber optimists.

2023 2022

JUNE (forecast) MARCH FEB JAN DEC NOV OCT

==================================================== ===============

MANUFACTURERS (+10) -3 -5 -6 +8 +2 +5

————————————————————————

(Materials) ( +3) -17 -7 -14 -2 +3 0

– Textiles/paper ( 0 ) -30 -20 -30 -20 0 -10

– Chemicals ( +6) 0 0 -6 +11 +11 +10

– Oil refinery/ceramics (+15) -15 0 -12 +13 0 0

– Steel/nonferrous metals ( -9) -36 -9 -17 -20 -11 -9

(Manufactured products) (+14) +5 -3 0 +13 +2 +8

– Foods (+22) +11 0 +10 0 +25 +12

– Metal products/machinery (+19) +23 +14 +11 +37 +26 +18

– Electric machinery ( -4) -22 -28 -10 -5 -24 +5

– Autos/transport equipment (+19) +6 -15 -21 +9 -29 -17

– Precision machinery/others (+23) +15 +7 +7 +7 +14 +15

==================================================== ===============

NON-MANUFACTURERS (+16) +21 +17 +20 +25 +20 +15

————————————————————————

– Real estate/construction (-12) -12 -8 -9 +7 +9 0

– Retail/wholesale (+19) +33 +16 +31 +30 +32 +17

– Wholesalers (+15) +42 +27 +48 +45 +50 +42

– Retailers (+24) +24 +5 +13 +12 +11 -12

– Information/communications (+42) +50 +50 +34 +46 +39 +43

– Transport/utility (+15) +10 +22 +24 +27 +26 +32

– Other services (+26) +30 +20 +23 +19 0 0

==================================================== ==============

MANUFACTURERS NON-MANUFACTURERS

RTRS BOJ RTRS BOJ

——————————————————————

JUNE 2023 (forecast) (+10) – (+16) –

MAY – – – –

APR – – – –

MAR (forecast) -3 ( +6) +21 (+11)

FEB -5 – +17 –

JAN -6 – +20 –

DEC 2022 +8 +7 +25 +19

NOV +2 – +20 –

OCT +5 – +15 –

SEP +10 +8 +11 +14

AUG +13 – +19 –

JUL +9 – +14 –

JUN +9 +9 +13 +13

MAY +5 – +13 –

APR +11 – +8 –

MAR +8 +14 -1 +9

FEB +6 – +3 –

JAN +17 – +8 –

DEC 2021 +22 +17 +6 +10

NOV +13 – +1 –

OCT +16 – -1 –

SEP +18 +18 -2 +2

AUG +33 – +5 –

JUL +25 – -3 –

JUN +22 +14 0 +1

MAY +21 – +2 –

APR +13 – -3 –

MAR +6 +5 -5 -1

FEB +3 – -7 –

JAN -1 – -11 –

DEC 2020 -9 -10 -4 -5

NOV -13 – -13 –

OCT -26 – -16 –

SEP -29 -27 -18 -12

AUG -33 – -23 –

JUL -44 – -26 –

JUN -46 -34 -32 -17

MAY -44 – -36 –

APR -30 – -23 –

MAR -20 -8 -10 +8

FEB -5 – +15 –

JAN -6 – +14 –

DEC 2019 -6 0 +14 +20

NOV -9 – +12 –

OCT -5 – +25 –

SEP -7 +5 +19 +21

AUG -4 – +13 –

JUL +3 – +25 –

JUN +6 +7 +22 +23

MAY +12 – +27 –

APR +8 – +24 –

MAR +10 +12 +22 +21

FEB +13 – +22 –

JAN +18 – +31 –

————————————————————————

(Reporting by Tetsushi Kajimoto

Editing by Bernadette Baum)

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