According to the latest data released on March 31, 2024, Japan's Tankan Small Non-Manufacturers Diffusion Index for the first quarter of 2024 has shown promising growth. The indicator, which reached 8 in Q1 2024, indicates an improvement from the previous quarter when it stood at 7. This uptick suggests a positive sentiment among small non-manufacturing businesses in Japan.
The Tankan survey is closely monitored as it provides key insights into the economic conditions and sentiments of Japan's small businesses. The increase in the index from the previous quarter reflects a potentially improving economic landscape for these enterprises. Analysts will be watching closely to see if this positive trend continues in the upcoming quarters, indicating sustained growth in Japan's small non-manufacturing sector.
