The Bank of Japan's Tankan index for big manufacturers' sentiment fell to a two-year low of 12 in the first quarter 2019 from 19 in the previous three-month period and below market consensus of 14. Sentiment softened among enterprises producing: chemicals (12 vs 24 in Q4); petroleum & coal products (6 vs 25); processed metals (8 vs 18); production machinery (31 vs 40); general-purpose machinery (20 vs 47); electrical machinery (9 vs 21); food & beverages (11 vs 12); lumber & wood products (-6 vs 0); pulp & paper (-11 vs 4); and non-ferrous metals (-9 vs 12). In contrast, confidence rose for firms producing: iron & steel (12 vs 7); and motor vehicles (15 vs 14), while was unchanged for firms producing textiles (at 3) and business oriented machinery (at 13). Meanwhile, big firms plan to raise their capital spending by 1.2 percent in Q1, much softer than a 14.3 percent rise in Q4. Among non-manufacturing large firms, sentiment also declined to a two-year low of 21. Business Confidence in Japan averaged 1.48 Index Points from 1983 until 2019, reaching an all time high of 53 Index Points in the second quarter of 1989 and a record low of -58 Index Points in the first quarter of 2009.

Business Confidence in Japan is expected to be 8.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Japan to stand at 12.00 in 12 months time. In the long-term, the Japan Business Confidence is projected to trend around 2.00 Index Points in 2020, according to our econometric models.

Japan Business Confidence
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-07-01 11:50 PM Tankan Large Manufacturers Index 21 24 22 20
2018-09-30 11:50 PM Tankan Large Manufacturers Index 19 21 22 18
2018-12-13 11:50 PM Tankan Large Manufacturers Index 19 19 17 17
2019-03-31 11:50 PM Tankan Large Manufacturers Index 12 19 13 18
2019-06-30 11:50 PM Tankan Large Manufacturers Index 12 13 8
2019-09-30 11:50 PM Tankan Large Manufacturers Index 11
2019-12-12 11:50 PM Tankan Large Manufacturers Index 10


Japan Business Last Previous Highest Lowest Unit
Business Confidence 12.00 19.00 53.00 -58.00 Index Points [+]
Manufacturing PMI 49.50 49.80 56.20 29.60 [+]
Services Pmi 51.70 51.80 55.30 46.40 Index Points [+]
Industrial Production -1.10 -4.30 30.00 -37.20 percent [+]
Industrial Production Mom 0.60 -0.60 6.80 -16.50 percent [+]
Manufacturing Production -1.10 -4.30 29.30 -37.20 percent [+]
Capacity Utilization 102.20 100.60 136.10 68.60 Index Points [+]
New Orders 1071.56 938.29 1624.17 693.64 JPY Billion [+]
Machinery Orders 5.20 3.80 25.50 -17.00 percent [+]
Changes in Inventories 2191.10 1837.80 7637.40 -6554.90 JPY Billion [+]
Bankruptcies 695.00 645.00 1965.00 6.00 Companies [+]
Corporate Profits 22244.02 19476.32 26401.12 43.24 JPY Billion [+]
Coincident Index 102.10 101.10 107.00 69.30 [+]
Economy Watchers Survey 44.10 45.30 57.50 18.90 [+]
Car Production 780165.00 745407.00 961994.00 249772.00 Units [+]
Car Registrations 212636.00 199587.00 585449.00 83044.00 [+]
Leading Economic Index 95.90 95.70 108.00 72.50 Index Points [+]
Small Business Sentiment 6.00 14.00 46.00 -60.00 [+]
Internet Speed 20171.96 19574.52 20171.96 6541.92 KBps [+]
IP Addresses 43689566.00 43995715.00 44977757.00 23570249.00 IP [+]
Private Investment 6.10 5.70 12.80 -25.33 percent [+]
Mining Production -3.20 -4.80 16.20 -16.10 percent [+]
Cement Production 4775.00 4349.00 9368.00 4218.00 Thousands of Tonnes [+]
Competitiveness Index 82.47 81.59 82.47 5.36 Points [+]
Competitiveness Rank 5.00 8.00 10.00 5.00 [+]
Composite Pmi 50.70 50.80 54.10 46.30 [+]
Corruption Index 73.00 73.00 80.00 58.00 Points [+]
Corruption Rank 18.00 20.00 25.00 14.00 [+]
Ease of Doing Business 39.00 34.00 39.00 13.00 [+]
Non Manufacturing Pmi 21.00 24.00 57.00 -41.00 [+]
Steel Production 8646.61 9084.18 10775.00 1177.00 Thousand Tonnes [+]


Japan Business Confidence

In Japan, the quarterly Tankan Index of Sentiment at Large Manufacturers covers about 1,100 companies with capital over 1 billion Yen. The survey is done by mail or e-mail and asks participants to evaluate current trends and conditions in the business place and their respective industries as well as their expected business activities for the next quarter and year. The indicator is calculated by subtracting the percentage share of enterprises responding on the negative side from the share giving positive assessments. The index varies on a scale of -100 to 100 such that a value above zero indicates business optimism, a value below zero pessimism and 0 indicates neutrality. This page provides - Japan Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Business Confidence - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
12.00 19.00 53.00 -58.00 1983 - 2019 Index Points Quarterly




Country Last Previous
Australia 7.00 May/19
Brazil 56.90 Jun/19
Canada 55.90 May/19
China 49.40 May/19
Euro Area 0.30 May/19
France 102.00 Jun/19
Germany 97.40 Jun/19
India 113.50 Jun/19
Indonesia 102.10 Mar/19
Italy 102.00 May/19
Japan 12.00 Mar/19
Mexico 52.40 May/19
Netherlands 4.70 May/19
Russia -1.00 May/19
Saudi Arabia 3.00 Jun/16
Singapore 1.00 Mar/19
South Africa 28.00 Jun/19
South Korea 76.00 May/19
Spain -3.30 May/19
Switzerland 94.40 May/19
Turkey 102.50 Jun/19
United Kingdom -13.00 Jun/19
United States 52.10 May/19


Related

Latest