According to the quarterly TANKAN business survey elaborated by the Bank of Japan, sentiment among large manufacturers fell to minus 3 points in the third quarter, down from minus 1 point in the second quarter. The decline, however, undershot market expectations that had the business sentiment index sliding further to minus 4 points. A negative reading means that pessimists outnumber optimists. Meanwhile, confidence in non-manufacturing industries remained unchanged over the previous quarter at 8 points in the third quarter, which represents the highest reading since the second quarter of 2008. Going forward, large enterprises in the manufacturing sector anticipate conditions will remain subdued, with the forward-looking forecast index remaining unchanged over the previous quarter at minus 3 points. In addition, big manufacturers see the Japanese yen trading at an average of 79.0 JPY per USD by the end of the fiscal year 2012.
Japan Business Confidence
Business sentiment declines in third quarter
October 1, 2012
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Japan Business Confidence Chart
Note: Quarterly index of business sentiment. Values above 0 for manufacturers (actual result) indicate a positive assesment of the current business conditions. Values above 0 for manufacturers (forecast) indicate a positive assesment for the next quarter
Source: Bank of Japan (BoJ).
Japan Economic News
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.
September 30, 2016
In August, the core consumer price index was flat compared to the previous month, which was above the 0.2% decline in July.
September 30, 2016
In August, industrial production expanded 1.5% over the previous month in seasonally-adjusted terms, which contrasted July’s 0.4% decrease (previously reported: 0.0% month-on-month).