Small Business Sentiment in Japan increased to -3 in the third quarter of 2021 from -7 in the second quarter of 2021. source: Bank of Japan

Small Business Sentiment in Japan averaged -7.39 from 1967 until 2021, 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. This page provides - Japan Small Business Sentiment- actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Small Business Sentiment - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

Small Business Sentiment in Japan is expected to be -9.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Small Business Sentiment is projected to trend around 8.00 in 2022, according to our econometric models.

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Japan Small Business Sentiment


Calendar GMT Actual Previous Consensus TEForecast
2020-12-13 11:50 PM Q4 -27 -44 -36 -38
2021-03-31 11:50 PM Q1 -13 -27 -20 -22
2021-06-30 11:50 PM Q2 -7 -13 -5 -7
2021-09-30 11:50 PM Q3 -3 -7 -9 -8
2021-12-13 11:50 PM Q4 -3


Japan Last Unit Reference Previous Highest Lowest
Business Confidence 18.00 points Sep/21 14.00 53.00 -58.00
Small Business Sentiment -3.00 Sep/21 -7.00 46.00 -60.00
Non Manufacturing Pmi 2.00 points Sep/21 1.00 57.00 -41.00


Japan Small Business Sentiment
Tankan Business Conditions Small Manufacturing Enterprises Diffusion Index is based on the survey of approximately 220,000 private enterprises (excluding financial institutions) with at least 20 million yen in capital. 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.