The Tankan released by the Bank of Japan on the 14th shows that many companies are cautious about the future of the economy as the infection with the new coronavirus spreads again.
During the year-end and New Year holidays, Go To Travel will be suspended nationwide, and there are growing concerns that consumption and corporate production may stall again, as requests from restaurants continue to shorten business hours.
According to the Tankan = Corporate Short-term Economic Observation Survey released by the Bank of Japan on the 14th, the index showing economic judgment has improved for the second consecutive quarter in both manufacturing and non-manufacturing industries of large companies.
However, the level is lower than before the spread of the new coronavirus infection, and there are variations depending on the industry.
As for the outlook, the improvement of the manufacturing industry of large companies was only 2 points, and the non-manufacturing industry including accommodation and food and drink deteriorated by 1 point, indicating that many companies are looking carefully at the future. It was.
From this perspective, it can be seen from this Tankan that companies are strengthening their defensive stance, such as refraining from capital investment and curbing the hiring of new graduates.
In addition, Go To Travel will be suspended nationwide from 28th this month to 11th next month, and in Tokyo, requests to shorten business hours for restaurants that serve alcohol will be extended, and the infection will recur. There is also growing concern that the expansion could stall consumption and corporate production.