اليابان Reuters Tankan Index

The Reuters Tankan index for Japanese manufacturers rose to +17 in November 2025 from +8 in October, marking its strongest level since January 2022 as a weaker yen boosted global demand for cars and electronics. The electronics sub-index led the gains, surging from +5 to +25 on stronger chip-related orders and improved export competitiveness. The auto and transport machinery sector also rebounded sharply, climbing to +27 from +9 amid stable orders and currency tailwinds. Still, some firms cautioned that supply constraints and soft sales could limit momentum in the months ahead. The overall manufacturing index is projected to ease to +15 by February, with firms pointing to reduced output at major automakers such as Honda and Nissan, both recently lowering production targets. Business leaders also voiced concern that US tariffs and escalating trade frictions with China could weigh on exports.