The Bank of Japan's Tankan index for small manufacturers' sentiment fell to a near three-year low of -1 in the second quarter of 2019 from 6 in the previous period, missing market consensus of 2. Small Business Sentiment in Japan averaged -6.91 from 1967 until 2019, reaching an all time high of 46 in the third quarter of 1973 and a record low of -60 in the fourth quarter of 1998.
Small Business Sentiment in Japan is expected to be 5.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Small Business Sentiment in Japan to stand at 6.00 in 12 months time. In the long-term, the Japan Small Business Sentiment is projected to trend around 5.00 in 2020, according to our econometric models.