Japanese Manufacturers Sentiment Sinks to Five Month Low – Reuters Tankan

The monthly Reuters Tankan survey indicates Japanese manufacturer’s sentiment fell to the lowest in five months as higher input costs and a weak yen soured the mood of Japanese firms. The Reuters Tankan sentiment index for manufacturers in Japan dropped to 5 in October 2022. The index fell for the second straight month after a reading of 10 in September. The service sector index +15 vs +11 in September. In the Sept. 28-Oct. 7 poll of 495 big companies, out … Continue reading “Japanese Manufacturers Sentiment Sinks to Five Month Low – Reuters Tankan”

Japanese Industrial Production Plummets to -7.2% m/m in May

Japan’s preliminary industrial production for May 2022 came in at -7.2% m/m much lower than the expected -0.3% m/m and the April reading of -1.5%. Two years ago, deep in the pandemic industrial production was -4.2% m/m. Production in the auto sector continues to suffer from a global parts supply crunch as output of cars and other motor vehicles suffer. Earlier today Toyota reported they missed its production targets for May with overall production levels through the first five months … Continue reading “Japanese Industrial Production Plummets to -7.2% m/m in May”