Forex Dictionary

Tankan Non-Manufacturers Index

Tankan Non-Manufacturers Index

Measures the general business conditions of large service providers. The index is derived from a quarterly survey that asks respondents to rate subjects such as general business conditions, supply and demand conditions, prices, sales, and employment conditions. A rising trend has a positive effect on the nation's currency. Japan's manufacturing sector is driven mainly by exports, so the services sector gives a better indication of conditions in the domestic economy. Service providers also employ about half of the nation's workers, so traders follow this survey as a leading indicator of employment.