The business survey index of large manufacturing firms in Japan decreased 9.9% in the second quarter of 2022, deteriorating further after posting a 7.6% decline in the previous quarter, as high input costs continued to squeeze corporate margins. Latest data showed producer prices in the country jumped 9.1% in May from a year ago, slowing from the previous month but remaining near record highs as the Ukraine crisis and a weak yen pushed up the cost of energy and raw materials. Japan’s heavy reliance on imports for fuel and other commodities makes its economy vulnerable to global supply issues and inflationary shocks. The business survey index measures the percentage of firms that expect the business environment to improve from the previous quarter minus the percentage that expect it to worsen. source: Cabinet Office, Japan

Business Survey Index Large Manufacturing Firms in Japan averaged -1.28 percent from 2004 until 2022, reaching an all time high of 21.60 percent in the fourth quarter of 2020 and a record low of -66 percent in the first quarter of 2009. This page includes a chart with historical data for Japan Business Survey Index Large Manufacturing Firms. Japan Business Survey Index Large Manufacturing Firms - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Business Survey Index Large Manufacturing Firms in Japan is expected to be 2.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Japan Business Survey Index Large Manufacturing Firms



Related Last Previous Unit Reference
New Orders 1028.05 1104.17 JPY Billion May 2022
Machinery Orders -5.60 10.80 percent May 2022
Changes in Inventories 2911.90 -410.60 JPY Billion Mar 2022
Coincident Index 99.00 94.90 Jun 2022
Economy Watchers Survey 43.80 52.90 points Jul 2022
Leading Economic Index 100.60 101.20 points Jun 2022
Economy Watchers Survey Outlook 42.80 47.60 points Jul 2022
Business Survey Index Large Manufacturing Firms -9.90 -7.60 percent Jun 2022

Japan Business Survey Index Large Manufacturing Firms
The Business Outlook Survey is an analysis of the business leaders' assessments and forecasts of and for the economy in order to gain basic information for keeping track of economic trends. It covers about 15,000 companies that have established their headquarters or principal offices in Japan.
Actual Previous Highest Lowest Dates Unit Frequency
-9.90 -7.60 21.60 -66.00 2004 - 2022 percent Quarterly
NSA

News Stream
Japan Business Mood Worsens in Q2
The business survey index of large manufacturing firms in Japan decreased 9.9% in the second quarter of 2022, deteriorating further after posting a 7.6% decline in the previous quarter, as high input costs continued to squeeze corporate margins. Latest data showed producer prices in the country jumped 9.1% in May from a year ago, slowing from the previous month but remaining near record highs as the Ukraine crisis and a weak yen pushed up the cost of energy and raw materials. Japan’s heavy reliance on imports for fuel and other commodities makes its economy vulnerable to global supply issues and inflationary shocks. The business survey index measures the percentage of firms that expect the business environment to improve from the previous quarter minus the percentage that expect it to worsen.
2022-06-13
Japan Business Mood Turns Negative on Rising Costs
The business survey index of large manufacturing firms in Japan decreased 7.6% in the first quarter of 2022, turning negative from a 7.9% increase in the previous quarter as rising raw material costs squeezed corporate margins. The data kept the pressure on policymakers to ramp up fiscal stimulus to support Japan’s economy, which is likely to have stalled in the current quarter and faces fresh risks from soaring fuel prices amid the ongoing war between Russia and Ukraine. Japan’s heavy reliance on imports for fuel and commodity makes its economy vulnerable to a rise in raw material costs. The business survey index measures the percentage of firms that expect the business environment to improve from the previous quarter minus the percentage that expect it to worsen.
2022-03-11
Japan Large Manufacturing Firms Stay Optimistic
The business survey index of large manufacturing firms in Japan increased 7.9% in the fourth quarter of 2021 from 7% in the third quarter, remaining positive for the second consecutive period as business confidence rose after the latest coronavirus state of emergency was lifted. The results came amid a new threat from the Omicron variant which reports suggested is less severe than initially feared, raising optimism over the global economic recovery. The Japanese government also provided support for the economy, unveiling a record $490 billion fiscal package while the Bank of Japan appeared keen to retain accommodative monetary policies. The business survey index measures the percentage of firms that expect the business environment to improve from the previous quarter minus the percentage that expect it to worsen.
2021-12-09