The index for big manufacturers' sentiment in Japan was unchanged at +19 in the fourth quarter of 2018, following three consecutive periods of deterioration and slightly above market expectations of +17, the Bank of Japan's closely watched quarterly "tankan" survey showed. Morale was unchanged among enterprises producing pulp & paper, iron & steel, food & beverages, and electrical machinery; while sentiment softened among producers of lumber & wood products, non-ferrous metals, general-purpose machinery, production machinery, business oriented machinery, and motor vehicles. By contrast, confidence improved among producers of textiles, chemicals, petroleum & coal products, ceramics, stone & clay, processed metals, and shipbuilding & heavy machinery. Meanwhile, big firms plan to raise their capital spending by 14.3 percent in the financial year to March 2019, compared with expectations of 12.7 percent. Among non-manufacturing large firms, sentiment rose to +24 from +22 in Q3. Business Confidence in Japan averaged 1.41 Index Points from 1983 until 2018, reaching an all time high of 53 Index Points in the second quarter of 1989 and a record low of -58 Index Points in the first quarter of 2009.

Business Confidence in Japan is expected to be 17.00 Index 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 18.30 in 12 months time. In the long-term, the Japan Business Confidence is projected to trend around 2.00 Index Points in 2020, according to our econometric models.

Japan Business Confidence
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Calendar GMT Actual Previous Consensus TEForecast
2018-04-01 11:50 PM Tankan Large Manufacturers Index 24 26 25 25
2018-07-01 11:50 PM Tankan Large Manufacturers Index 21 24 22 20
2018-09-30 11:50 PM Tankan Large Manufacturers Index 19 21 22 18
2018-12-13 11:50 PM Tankan Large Manufacturers Index 19 19 17 17
2019-03-31 11:50 PM Tankan Large Manufacturers Index 19 18
2019-07-01 11:50 PM Tankan Large Manufacturers Index 20
2019-09-30 11:50 PM Tankan Large Manufacturers Index 18.30


Japan Business Last Previous Highest Lowest Unit
Business Confidence 19.00 19.00 53.00 -58.00 Index Points [+]
Manufacturing PMI 48.90 50.30 56.20 29.60 [+]
Services Pmi 52.30 51.60 55.30 46.40 Index Points [+]
Industrial Production 0.30 -1.90 30.00 -37.20 percent [+]
Industrial Production Mom -3.40 -0.10 6.80 -16.50 percent [+]
Manufacturing Production 0.30 -1.90 29.30 -37.20 percent [+]
Capacity Utilization 99.40 104.30 136.10 68.60 Index Points [+]
New Orders 1060.92 962.56 1624.17 693.64 JPY Billion [+]
Machinery Orders -5.40 -0.30 25.50 -17.00 percent [+]
Changes in Inventories 1599.80 1520.70 7636.60 -6554.30 JPY Billion [+]
Bankruptcies 589.00 666.00 1965.00 6.00 Companies [+]
Corporate Profits 19476.32 18284.72 26401.12 43.24 JPY Billion [+]
Coincident Index 97.90 100.60 107.00 69.30 [+]
Economy Watchers Survey 47.50 45.60 57.50 18.90 [+]
Car Production 682426.00 763078.00 961994.00 249772.00 Units [+]
Car Registrations 261007.00 217762.00 585449.00 83044.00 [+]
Leading Economic Index 95.90 97.50 107.90 72.40 Index Points [+]
Small Business Sentiment 14.00 14.00 46.00 -60.00 [+]
Internet Speed 20171.96 19574.52 20171.96 6541.92 KBps [+]
IP Addresses 43689566.00 43995715.00 44977757.00 23570249.00 IP [+]
Private Investment 5.70 4.50 12.80 -25.33 percent [+]
Mining Production -4.60 -6.40 16.20 -16.10 percent [+]
Cement Production 4438.00 5425.00 9368.00 4218.00 Thousands of Tonnes [+]
Competitiveness Index 82.47 81.59 82.47 5.36 Points [+]
Competitiveness Rank 5.00 8.00 10.00 5.00 [+]
Composite Pmi 50.70 50.90 54.10 46.30 [+]
Corruption Index 73.00 73.00 80.00 58.00 Points [+]
Corruption Rank 18.00 20.00 25.00 14.00 [+]
Ease of Doing Business 39.00 34.00 39.00 13.00 [+]
Non Manufacturing Pmi 24.00 22.00 57.00 -41.00 [+]
Steel Production 8141.17 8466.84 10775.00 1177.00 Thousand Tonnes [+]


Japan Business Confidence

In Japan, the quarterly Tankan Index of Sentiment at Large Manufacturers covers about 1,100 companies with capital over 1 billion Yen. The survey is done by mail or e-mail and asks participants to evaluate current trends and conditions in the business place and their respective industries as well as their expected business activities for the next quarter and year. The indicator is calculated by subtracting the percentage share of enterprises responding on the negative side from the share giving positive assessments. The index varies on a scale of -100 to 100 such that a value above zero indicates business optimism, a value below zero pessimism and 0 indicates neutrality. This page provides - Japan Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Business Confidence - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
19.00 19.00 53.00 -58.00 1983 - 2018 Index Points Quarterly




Country Last Previous
Australia 2.00 Feb/19
Brazil 64.50 Feb/19
Canada 50.60 Feb/19
China 49.20 Feb/19
Euro Area 0.69 Feb/19
France 103.00 Feb/19
Germany 98.50 Feb/19
India 116.20 Mar/19
Indonesia 104.71 Dec/18
Italy 101.70 Feb/19
Japan 19.00 Dec/18
Mexico 51.30 Feb/19
Netherlands 6.30 Feb/19
Russia -2.00 Feb/19
Saudi Arabia 3.00 Jun/16
Singapore -14.00 Dec/18
South Africa 28.00 Mar/19
South Korea 69.00 Feb/19
Spain -4.90 Feb/19
Switzerland 92.40 Feb/19
Turkey 97.20 Feb/19
United Kingdom -23.00 Mar/19
United States 54.20 Feb/19


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