The Bank of Japan's index for big manufacturers' sentiment rose to 18 in Q3 of 2021 from 14 in Q2 and above market consensus of 13. This was the fifth consecutive quarter of improvement and the highest reading since Q4 2018, as a recovery in the economy from the COVID-19 crisis gained steam. Sentiment improved among firms producing pulp & paper; chemicals; iron & steel; basic materials; production machinery; business-oriented machinery; petroleum & coal products; processed metals; food & beverages; processed metals; electrical machinery and processing. At the same time, the sentiment was unchanged for companies producing nonferrous metals and general-purpose machinery. Big non-manufacturers' sentiment index edged up to 2 from 1 and beating forecasts of 0. Meantime, large companies expect to increase capital expenditure by 10.1% in Q3, beating expectations of 9.1% and accelerating from a 9.6% gain in Q2. source: Bank of Japan

Business Confidence in Japan averaged 1.19 points from 1983 until 2021, 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 November of 2021.

Business Confidence in Japan is expected to be 22.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Business Confidence is projected to trend around 10.00 points in 2022, according to our econometric models.

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Japan Business Confidence


Calendar GMT Actual Previous Consensus TEForecast
2021-06-30 11:50 PM Q2 14 5 15 15
2021-09-30 11:50 PM Q3 18 14 13 12
2021-12-12 11:50 PM Q4 18


Related Last Previous Unit Reference
Business Confidence 18.00 14.00 points Sep/21
Small Business Sentiment -3.00 -7.00 Sep/21
Tankan Non-Manufacturing Outlook 3.00 3.00 points Dec/21
Tankan Large Manufacturing Outlook 14.00 13.00 points Dec/21
Tankan Large All Industry Capex 10.10 9.60 percent Sep/21
Non Manufacturing Pmi 2.00 1.00 points Sep/21

News Stream
Japan Q3 Business Sentiment Highest in Nearly 3 Years
The Bank of Japan's index for big manufacturers' sentiment rose to 18 in Q3 of 2021 from 14 in Q2 and above market consensus of 13. This was the fifth consecutive quarter of improvement and the highest reading since Q4 2018, as a recovery in the economy from the COVID-19 crisis gained steam. Sentiment improved among firms producing pulp & paper; chemicals; iron & steel; basic materials; production machinery; business-oriented machinery; petroleum & coal products; processed metals; food & beverages; processed metals; electrical machinery and processing. At the same time, the sentiment was unchanged for companies producing nonferrous metals and general-purpose machinery. Big non-manufacturers' sentiment index edged up to 2 from 1 and beating forecasts of 0. Meantime, large companies expect to increase capital expenditure by 10.1% in Q3, beating expectations of 9.1% and accelerating from a 9.6% gain in Q2.
2021-10-01
Japan Q2 Business Sentiment Strongest in 2-1/2 Years
The Bank of Japan's index for big manufacturers' sentiment jumped to 14 in the June quarter of 2021 from 5 in the previous period and compared with market consensus of 15. This was the fourth consecutive quarter of improvement and the highest reading since the December quarter of 2018, as a recovery in the economy from the COVID-19 crisis gained steam. Sentiment improved among firms producing chemicals; petroleum & coal products; nonferrous metals; food & beverages; processed metals; general-purpose machinery; production machinery; electrical machinery; basic materials; and processing. In addition, sentiment turned to positive among firms producing lumber & wood products; pulp & paper; ceramics, stone & clay; iron & steel; and business-oriented machinery.
2021-07-01
Japan Business Morale Turns Positive in Q1
The Bank of Japan's index for big manufacturers' sentiment improved to 5 in the first quarter of 2021, from -10.0 in the previous three-month period and beating market consensus of 0.0. It was the highest reading since the third quarter of 2019, adding to signs of a gradual economic recovery from last year's slump triggered by the COVID-19 pandemic. Sentiment improved among firms producing lumber & wood products; pulp & paper; chemicals; petroleum & coal products; ceramics, stone & clay; iron & steel; nonferrous metals; processed metals; general-purpose machinery; production machinery; business oriented machinery; electrical machinery; and motor vehicles.
2021-04-01

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.