Sentiment among major manufacturers continues to recover, as conditions gradually return to normal following March's disasters. According to the quarterly TANKAN business survey elaborated by the Bank of Japan, sentiment among large manufacturers jumped to plus 2 points in the third quarter, which represents a significant improvement compared to the minus 9 points observed in the second quarter. The print was in line with market expectations but, nevertheless, remains below the plus 6 points observed in the first quarter. A positive number means optimists outnumber pessimists. Furthermore, despite rising headwinds for Japanese exporters, large enterprises in the manufacturing sector anticipate conditions will continue improving next quarter, with the forward-looking forecast index rising to 4 points.
Japan Business Confidence
Business confidence recovers slowly
October 3, 2011
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Japan Economic News
October 24, 2016
The Nikkei Flash Manufacturing Purchasing Managers’ Index (PMI) rose from September’s revised 50.4 (previously reported: 50.3) to 51.7 in October.
October 24, 2016
In September, nominal exports valued in yen declined 6.9% from the same month last year, which followed August’s 9.6% decline.
October 12, 2016
Core machinery orders (a leading indicator of capital spending over a three- to six-month period) declined for the first time in three months in August.
October 4, 2016
Consumer sentiment rose from August’s 42.0 to 43.0 in September.
October 3, 2016
According to the Bank of Japan’s quarterly TANKAN business survey, sentiment among large manufacturers was stable at 6 in Q3.