BOJ Tankan Forecast for worsening economic judgment in both manufacturing and non-manufacturing industries Dec. 10:58
The Bank of Japan's Tankan = Corporate Short-term Economic Observation Survey, which will be announced on 13th of this month, predicts that many private think tanks will see economic judgment worsen in both the manufacturing and non-manufacturing industries. This is because consumption and production declined due to the reaction to last-minute demand accompanying the increase in the consumption tax rate and the impact of Typhoon # 19.
The Bank of Japan's Tankan is a survey that asks about 10,000 domestic companies about the current state of the economy every three months, and the latest results are announced on the 13th.
According to the forecasts compiled by 14 companies such as private think tanks, the index that shows the economic judgment of the manufacturing industry of the most noticeable large companies was from 5 to -1.
Of the 14 companies, 13 companies are expected to fall below the plus 5 points of the previous / September survey, and judgment will deteriorate.
If the judgment deteriorates as predicted, it will be the fourth consecutive quarter.
In addition, the non-manufacturing index of large companies is expected to deteriorate from +18 to +13, with all companies falling below the previous plus of 21.
The reasons for the deterioration were a drop in retail sales and a decline in corporate production due to the impact of the rush in demand accompanying the increase in the consumption tax rate in October and the impact of Typhoon No. 19 that caused significant damage in Kanto Koshinetsu and Tohoku. I'm giving you.
Another reason is that exports are sluggish due to trade friction between the US and China.
In this Tankan, in addition to economic decisions, we will also look at what prospects companies have regarding employment and capital investment.