The Bank of Japan's Tankan index for big manufacturers' sentiment fell to a seven-year low of -8 in the first quarter of 2020 from 0 in the prior period, but still came above market expectations of -10. Sentiment deteriorated particularly among firms in shipbuilding (-29 vs -7 in Q4), non-ferrous metals (-26 vs -15), and petroleum & coal products (-18 vs -12). In contrast, sentiment in food & beverages remained positive, but declined to 5 nonetheless (vs 10 in Q4). Big firms plan to raise their capital spending by 1.8 percent, down from 6.8 percent in the previous quarter but above a 1.1 percent expected decline by consensus. Among non-manufacturing large firms, sentiment eased sharply to 8 from 20 in Q4, also above market expectations of 6.
Business Confidence in Japan averaged 1.47 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 May of 2020. source: Bank of Japan
Business Confidence in Japan is expected to be -60.00 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 -12.00 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.