短観、GoToで改善したけれど…感染拡大で根強い不安

Tankan Go-To program improved, but still causes persistent anxiety

In December's Tankan, which was announced by the Bank of Japan on the 14th, the business condition index of large corporations and manufacturing industries, which is a representative index, increased by 17 points from the previous September survey to minus 10. Improvements for the second consecutive quarter, supported by the recovery of domestic and overseas automobile sales. However, there is a deep-rooted anxiety about the spread of the new coronavirus, and the outlook remains cautious.

The survey period was from November 11th to December 11th, with 75% responding by November 27th. There has been a rapid spread of infection, which can be called the "third wave," such as a partial review of the Go To campaign and a request to shorten business hours in Tokyo and Osaka, but it seems that the impact on the results was limited.

The point when looking at the index DI, which is the ratio of companies that answered "good" to the ratio of "bad", is the direction and level of change. The number of large companies and manufacturing industries has decreased from minus 27 in September to minus 10 this time. It increased by 17 points in the positive direction, and the improvement is the largest since the June 2002 survey. However, the level does not reach 0 in December last year before the spread of the infection. Large corporations and non-manufacturing industries, which were minus 12 in September, were minus 5.2 this time, and have been positive for two consecutive quarters, but the level is far below 20 in December last year.

Source: https://www.asahi.com/articles/ASNDG3QDQNDCULFA01L.html?iref=comtop_7_02