Regarding the Bank of Japan's Tankan = Corporate Short-term Economic Observation Survey, which will be released on the 1st of next month, the private sector forecasts that economic judgment will deteriorate for the second consecutive term in the manufacturing industry of large companies due to the effects of soaring raw material prices. There are many.

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 forecast of the index showing the economic judgment of large companies and manufacturing industries changed from +10 to +16 points.



The median forecast is plus 12 points, which is 2 points worse than the previous survey in March, and if it worsens, it will be the second consecutive term.



Nine out of thirteen companies are forecasting deterioration, mainly due to soaring raw material prices due to Russia's invasion of Ukraine and difficulty in procuring parts due to the strict restrictions on going out in Shanghai, China, which continued until the end of last month.



On the other hand, two companies are expected to remain flat and two companies are forecasting improvements, assuming that the depreciation of the yen has boosted corporate performance.



On the other hand, regarding the non-manufacturing industry of large companies, since the priority measures such as prevention of spread have been lifted, there is a movement to pick up in the service industry such as eating and drinking and lodging, so all 13 companies will improve compared to the previous time. Expected, each company's forecast is from +12 to +20 points.



The median forecast is plus 13 points, an improvement of 4 points compared to the previous time.