Mount Fuji, Japan

Japan Business Confidence Q2 2020

Japan: Business confidence hits 11-year low in Q2

Business sentiment among large manufacturers regarding current business conditions came in at negative 34.0 in Q2, down from the negative 8.0 reading in Q1. Q2’s result marked the weakest sentiment in 11 years. As a result, the sentiment value fell further below the 0-threshold separating pessimism from optimism. The value is calculated by subtracting the number of respondents that say economic conditions are improving from the number of respondents that say they are deteriorating.

Confidence among large non-manufacturing firms fell to minus 17.0 in Q2 from positive 8.0 in Q1.

Regarding the outlook, sentiment among large manufacturers regarding business conditions in Q3 was minus 27.0, up from the current reading of minus 34.0 but still firmly in pessimistic territory. Sentiment among large non-manufacturing firms was minus 14.0, up from the current reading of minus 17.0, but, again, still pessimistic. In short, businesses expect operating conditions to remain challenging in the coming months, albeit slightly less so.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest