The Bank of Japan's Tankan index for big manufacturers' sentiment rose to -27 in the third quarter of 2020 from an eleven-year low of -34 in the previous period, but still came below consensus of -23, as the coronavirus pandemic continued to hit activity and global demand. Sentiment remained sharply weak among firms producing motor vehicles (-61 vs -72 in Q2), lumber & wood products (-59 vs -53), iron & steel (-55 vs -58), production machinery (-43 vs -37), nonferrous metals (-36 vs -39), shipbuilding (-34 vs -46), textiles (-33 vs -38), pulp & paper (-26 vs -33), chemicals (unchanged at -19), business-oriented machinery (-18 vs -29), general-purpose machinery (-16 vs -26), and electrical machinery (-15 vs -28). Among non-manufacturing large firms, sentiment recovered to -12 from a 10-1/2-year low of -17, and compared with expectations of -9. source: Bank of Japan
Business Confidence in Japan averaged 1.05 points from 1983 until 2020, reaching an all time high of 53 points in the second quarter of 1989 and a record low of -58 points in the first quarter of 2009. This page provides - Japan Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Business Confidence in Japan is expected to be -18.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Japan to stand at -1.00 in 12 months time. In the long-term, the Japan Business Confidence is projected to trend around 5.00 points in 2021 and -6.00 points in 2022, according to our econometric models.