Monday, October 18

Japan factory mood hits lowest since April on virus drag-Reuters Tankan


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TOKYO — Japanese manufacturers were the

least optimistic in six months in October as they suffered from

the impact of the coronavirus pandemic and automakers’ output

cuts, the Reuters Tankan poll showed.

The Reuters Tankan index readings are derived by subtracting

the percentage of respondents who say conditions are poor from

those who say they are good. A negative reading means that

pessimists outnumber optimists.

Following is a table of indexes for key sectors and a

comparison with the Bank of Japan’s quarterly tankan survey:

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2022 2021

JAN (f’cast) OCT SEP AUG JUL JUN MAY

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MANUFACTURERS (+14) +16 +18 +33 +25 +22 +21

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(Materials) (+13) +12 +18 +34 +18 +13 +14

– Textiles/paper (0) -25 -27 0 -17 -25 -25

– Chemicals (+23) +36 +44 +72 +44 +53 +53

– Oil refinery/ceramics (+33) +22 +22 +33 +22 +13 +17

– Steel/nonferrous metals (-8) 0 +16 0 +9 -25 -9

(Manufactured products) (+15) +19 +19 +31 +29 +27 +24

– Food (+9) +18 +7 0 +9 0 0

– Metal products/machinery (+26) +34 +39 +53 +43 +45 +34

– Electric machinery (+14) +36 +14 +28 +19 +35 +37

– Autos/transport equipment (0) -31 -14 +34 +46 +30 +16

– Precision machinery/others(+20) +20 +27 +16 +17 +12 +15

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NON-MANUFACTURERS (+14) -1 -2 +5 -3 0 +2

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– Real estate/construction (-13) -13 -4 +5 +5 0 0

– Retail/wholesale (+19) -3 -3 +9 0 -5 -6

– Wholesalers (+27) +11 +17 +6 +6 +5 -5

– Retailers (+11) -16 -22 +11 -5 -22 -9

– Information/communications(+54) +46 +50 +27 +36 +60 +60

– Transport/utility (+29) +24 +5 +10 0 +5 +12

– Other services (0) -30 -28 -15 -32 -25 -19

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*** COMPARISON WITH BANK OF JAPAN TANKAN ***

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MANUFACTURERS NON-MANUFACTURERS

RTRS BOJ RTRS BOJ

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JAN 2022 (forecast) (+14) – (+14) –

DEC 2021 – (+14) – (+3)

NOV – – – –

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 –

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(Reporting by Kantaro Komiya; Editing by Christopher Cushing)

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