2024 Q1: Japan's big manufacturers' sentiment declines to +11, while non-manufacturers reach a 33-year high +34 in the Bank of Japan's Tankan survey.
Japan's central bank survey reveals a mixed economic outlook: big manufacturers' sentiment declines for the first time in a year, reaching a score of +11 in Q1 2024, down from +13 in Q4 2023. This is partially attributed to auto production disruptions. Conversely, the sentiment index for large-scale non-manufacturers, which includes the service sector, reaches a 33-year high of +34 points, up from +32 in the previous report. The Bank of Japan's Tankan survey is conducted every three months and surveys approximately 9,000 Japanese companies.
April 01, 2024
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