The Bank of Japan's Tankan index for big manufacturers' sentiment fell to a two-year low of 12 in the first quarter 2019 from 19 in the previous three-month period and below market consensus of 14. Sentiment softened among enterprises producing: chemicals (12 vs 24 in Q4); petroleum & coal products (6 vs 25); processed metals (8 vs 18); production machinery (31 vs 40); general-purpose machinery (20 vs 47); electrical machinery (9 vs 21); food & beverages (11 vs 12); lumber & wood products (-6 vs 0); pulp & paper (-11 vs 4); and non-ferrous metals (-9 vs 12). In contrast, confidence rose for firms producing: iron & steel (12 vs 7); and motor vehicles (15 vs 14), while was unchanged for firms producing textiles (at 3) and business oriented machinery (at 13). Meanwhile, big firms plan to raise their capital spending by 1.2 percent in Q1, much softer than a 14.3 percent rise in Q4. Among non-manufacturing large firms, sentiment also declined to a two-year low of 21. Business Confidence in Japan averaged 1.48 Index Points from 1983 until 2019, 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 8.00 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 12.00 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
2018-07-01 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 12 19 13 18
2019-06-30 11:50 PM Tankan Large Manufacturers Index 12 8
2019-09-30 11:50 PM Tankan Large Manufacturers Index 11
2019-12-12 11:50 PM Tankan Large Manufacturers Index 10


Japan Business Last Previous Highest Lowest Unit
Business Confidence 12.00 19.00 53.00 -58.00 Index Points [+]
Manufacturing PMI 50.20 49.20 56.20 29.60 [+]
Services Pmi 51.80 52.00 55.30 46.40 Index Points [+]
Industrial Production -4.60 -1.10 30.00 -37.20 percent [+]
Industrial Production Mom -0.90 0.70 6.80 -16.50 percent [+]
Manufacturing Production -4.50 -1.10 29.30 -37.20 percent [+]
Capacity Utilization 101.00 100.00 136.10 68.60 Index Points [+]
New Orders 983.99 1060.92 1624.17 693.64 JPY Billion [+]
Machinery Orders 1.80 -5.40 25.50 -17.00 percent [+]
Changes in Inventories 1599.80 1520.70 7636.60 -6554.30 JPY Billion [+]
Bankruptcies 662.00 589.00 1965.00 6.00 Companies [+]
Corporate Profits 19476.32 18284.72 26401.12 43.24 JPY Billion [+]
Coincident Index 99.60 100.50 107.00 69.30 [+]
Economy Watchers Survey 45.30 44.80 57.50 18.90 [+]
Car Production 745407.00 677024.00 961994.00 249772.00 Units [+]
Car Registrations 199587.00 357254.00 585449.00 83044.00 [+]
Leading Economic Index 96.30 97.10 108.00 72.50 Index Points [+]
Small Business Sentiment 6.00 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 -3.10 -1.40 16.20 -16.10 percent [+]
Cement Production 5380.00 4796.00 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 50.80 50.40 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 21.00 24.00 57.00 -41.00 [+]
Steel Production 9084.18 7743.38 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
12.00 19.00 53.00 -58.00 1983 - 2019 Index Points Quarterly




Country Last Previous
Australia 0.00 Apr/19
Brazil 58.40 Apr/19
Canada 55.90 Apr/19
China 50.10 Apr/19
Euro Area 0.42 Apr/19
France 101.00 Apr/19
Germany 99.20 Apr/19
India 113.50 Jun/19
Indonesia 102.10 Mar/19
Italy 100.60 Apr/19
Japan 12.00 Mar/19
Mexico 53.00 Apr/19
Netherlands 6.70 Apr/19
Russia -2.00 Apr/19
Saudi Arabia 3.00 Jun/16
Singapore 1.00 Mar/19
South Africa 28.00 Mar/19
South Korea 75.00 Apr/19
Spain -3.80 Apr/19
Switzerland 96.20 Apr/19
Turkey 105.50 Apr/19
United Kingdom -13.00 Jun/19
United States 52.80 Apr/19


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