The Bank of Japan's Tankan index for big manufacturers' sentiment rose to -10 in the fourth quarter of 2020 from -27 in the previous three-month period, beating market consensus of -15, as the economy emerges from the COVID-19 disruption. Sentiment improved among firms producing textiles (-19 vs -33 in Q3), lumber & wood products (-23 vs -59), chemicals (-5 vs -19), iron & steel (-25 vs -55), non-ferrous metals (-9 vs -36), general-purpose machinery (0 vs -16), production machinery (-21 vs -43), electrical machinery (-1 vs -15), motor vehicles (-13 vs -61). In contrast, sentiment weakened among firms producing shipbuilding & heavy machinery (-41 vs -34). Among non-manufacturing large firms, sentiment recovered to -5 from -12, and compared with forecasts of -6. However, big firms plan to cut their capital expenditure by 1.2 percent, amid plunging profits and uncertainties over the outlook. source: Bank of Japan
Business Confidence in Japan averaged 0.97 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 February of 2021.
Business Confidence in Japan is expected to be -10.00 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 4.00 in 12 months time. In the long-term, the Japan Business Confidence is projected to trend around 5.00 points in 2021 and 10.00 points in 2022, according to our econometric models.