Japan's Tankan Small Manufacturers Index was unchanged at 14 in the fourth quarter of 2018, slightly above market expectations of 13. Small Business Sentiment in Japan averaged -7 from 1967 until 2018, reaching an all time high of 46 in the third quarter of 1973 and a record low of -60 in the fourth quarter of 1998.
Small Business Sentiment in Japan is expected to be 15.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Small Business Sentiment in Japan to stand at 5.00 in 12 months time. In the long-term, the Japan Small Business Sentiment is projected to trend around -4.00 in 2020, according to our econometric models.