Japan Business Confidence

Japan

Japan: Business sentiment improves in Q1; prospects deteriorate sharply

April 1, 2014

According to the Bank of Japan's quarterly TANKAN business survey, sentiment among large manufacturers jumped to its highest level since Q4 2007. The index rose from 16 points in Q4 to 17 points in Q1, which was below the 19 points markets had expected. A positive reading means that optimists outnumber pessimists.

Confidence in non-manufacturing industries improved further in Q1, increasing from 20 points in Q4 to 24 points in Q1. As a result, the index now sits at the highest level since 1991.

Despite these improvements, large enterprises in the manufacturing sector expect that conditions will deteriorate in the next three months. Businesses' worsening mood mostly reflects concerns about the impact of a sales tax hike introduced in April and increasing skepticism regarding Prime Minister Shinzo Abe's ability to rekindle the country's economy. The forward-looking forecast index fell to 8 points in Q1 (Q4: +14 points), which represents the lowest level in a year. Meanwhile, large manufacturers forecast that the Japanese yen will trade at 99.6 JPY per USD by the end of the fiscal year 2014 (ending March 2015).


Author:,

Sample Report

Looking for forecasts related to Business Confidence in Japan? Download a sample report now.

Download

Japan Business Confidence Chart


Japan Business Confidence Q1 2014

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

  • Japan: Machinery orders decline in May

    July 11, 2018

    Although core machinery orders—a leading indicator of capital spending over a three- to six-month period—contracted in May, the fall was weaker-than-expected, suggesting that capital expenditure will gain steam further down the road.

    Read more

  • Japan: Business confidence weakens in Q2

    July 2, 2018

    According to the Bank of Japan’s quarterly Tankan business survey, sentiment among large manufacturers fell in the second quarter of 2018, suggesting economic momentum has yet to gain traction following a weak first quarter.

    Read more

  • Japan: Consumer confidence declines marginally in June

    June 29, 2018

    Consumer sentiment inched down to 43.7 in June from 43.8 in May, coming in just below market expectations of a stable print.

    Read more

  • Japan: Industrial production falls in May

    June 29, 2018

    Industrial production contracted 0.2% on a month-on-month and seasonally-adjusted basis in May, contrasting April’s revised 0.5% increase (previously reported: +0.3% month-on-month).

    Read more

  • Japan: Core inflation stable in May

    June 22, 2018

    The core consumer price index rose 0.1% in month-on-month seasonally-adjusted terms in May, reversing April’s 0.1% fall. Core inflation was steady at 0.7% in May, unchanged from April and in line with market expectations.

    Read more

More news

Search form