The Bank of Japan's index for big manufacturers' sentiment improved to 5 in the first quarter of 2021, from -10.0 in the previous three-month period and beating market consensus of 0.0. It was the highest reading since the third quarter of 2019, adding to signs of a gradual economic recovery from last year's slump triggered by the COVID-19 pandemic. Sentiment improved among firms producing lumber & wood products; pulp & paper; chemicals; petroleum & coal products; ceramics, stone & clay; iron & steel; nonferrous metals; processed metals; general-purpose machinery; production machinery; business oriented machinery; electrical machinery; and motor vehicles. source: Bank of Japan
Business Confidence in Japan averaged 1 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 May of 2021.
Business Confidence in Japan is expected to be -2.00 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 5.00 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.