Tankan is also called the optimism index. He estimates the overall business environment among 1,200 large manufacturing companies in the manufacturing sector. The index is a key indicator of the Japanese economy.
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Its most significant increase in the 4th quarter was observed in the production of paper, chemicals, as well as in the oil and gas and coal industries. Confidence has decreased among manufacturers of food and beverages, manufacturers of electrical devices, as well as in the field of ship construction and heavy machinery. Also, according to the Bank of Japan, leading enterprises intend to increase investments in fixed assets by 11.3% in the current financial year, which will end in March 2025.
We recently wrote that the export of goods from Japan to Russia has increased by one and a half times in a year.
