The Bank of Japan's Tankan = Corporate Short-term Economic Observation Survey, which will be released on the 1st of next month, predicts that the economic judgment of large companies will deteriorate for the first time in seven terms in both manufacturing and non-manufacturing due to the impact of soaring raw material prices. ..
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 13 companies including private think tanks have compiled their forecasts before the announcement on the 1st of next month.
According to this, the index showing the economic judgment of large companies and manufacturing industries is predicted to deteriorate from the previous survey in December for all 13 companies.
The median forecast of each company is plus 11 points, which is 6 points worse than the previous time.
If the economic judgment of large companies and manufacturing companies deteriorates, it will be the first time in seven terms since the survey in June.
This is mainly due to the fact that raw material prices have risen further due to Russia's invasion of Ukraine, which has pushed down corporate profits and that the prolonged shortage of parts supply has affected production activities.
Also, in the non-manufacturing industry of large companies, the median forecast of each company is +5 points, which is 5 points lower than the previous time due to the influence of the spread of infection of Omicron strains in addition to the high raw material price, and it is predicted that it will deteriorate for the first time in 7 quarters. increase.