The Bank of Japan's Tankan index for small manufacturers' sentiment fell to -4 in the third quarter of 2019 from -1 in the prior period and compared to market expectations of -6. Small Business Sentiment in Japan averaged -6.89 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 -7.00 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.