A transmission characteristics monitoring device monitors transmission characteristics of an optical transmission path between nodes. The device detects an average power of the frequency modulated optical signal and a slope of the transmission characteristics; generates a slope function that represents a slope of the transmission characteristics between first and second frequencies; generates a corrected power value by adding an integral of the slope function to a first power measurement value detected at the first frequency; calculates the transmission characteristics at the second frequency based on a second power measurement value detected at the second frequency when the difference between the second power measurement value and the corrected power value is smaller than a specified threshold; and calculates the transmission characteristics at the second frequency based on the corrected power value when the difference is greater than the specified threshold.