The Bank of Japan's index for big manufacturers' sentiment jumped to 14 in the June quarter of 2021 from 5 in the previous period and compared with market consensus of 15. This was the fourth consecutive quarter of improvement and the highest reading since the December quarter of 2018, as a recovery in the economy from the COVID-19 crisis gained steam. Sentiment improved among firms producing chemicals; petroleum & coal products; nonferrous metals; food & beverages; processed metals; general-purpose machinery; production machinery; electrical machinery; basic materials; and processing. In addition, sentiment turned to positive among firms producing lumber & wood products; pulp & paper; ceramics, stone & clay; iron & steel; and business-oriented machinery. source: Bank of Japan
Business Confidence in Japan averaged 1.08 points from 1983 until 2021, reaching an all time high of 53 points in the second quarter of 1989 and a record low of -58 points in the first quarter of 2009. This page provides - Japan Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on August of 2021.
Business Confidence in Japan is expected to be 15.00 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 15.00 in 12 months time. In the long-term, the Japan Business Confidence is projected to trend around 10.00 points in 2022, according to our econometric models.