The business survey index of large manufacturing firms in Japan increased 1.7% in the third quarter of 2022, turning positive for the first time in three quarters as sharp declines in energy and other raw materials prices during the period helped ease tight corporate margins. Latest data showed producer prices in the country rose 9% in August 2022 from a year earlier, increasing at the same rate in July which was also the softest pace since December last year. Meanwhile, a weakening yen continued to pressure manufacturing firms by pushing up import costs, as Japan’s heavy reliance on foreign fuel and other commodities makes its economy vulnerable to currency volatility, as well as 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 -1.24 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 September of 2022.

Business Survey Index Large Manufacturing Firms in Japan is expected to be -1.50 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 1068.53 1061.71 JPY Billion Jul 2022
Machinery Orders 5.30 0.90 percent Jul 2022
Changes in Inventories 1542.30 3041.60 JPY Billion Jun 2022
Coincident Index 100.10 99.20 Jul 2022
Economy Watchers Survey 45.50 43.80 points Aug 2022
Leading Economic Index 98.90 100.30 points Jul 2022
Business Survey Index Large Manufacturing Firms 1.70 -9.90 percent Sep 2022
Economy Watchers Survey Outlook 49.40 42.80 points Aug 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
1.70 -9.90 21.60 -66.00 2004 - 2022 percent Quarterly
NSA

News Stream
Japan Business Mood Improves in Q3
The business survey index of large manufacturing firms in Japan increased 1.7% in the third quarter of 2022, turning positive for the first time in three quarters as sharp declines in energy and other raw materials prices during the period helped ease tight corporate margins. Latest data showed producer prices in the country rose 9% in August 2022 from a year earlier, increasing at the same rate in July which was also the softest pace since December last year. Meanwhile, a weakening yen continued to pressure manufacturing firms by pushing up import costs, as Japan’s heavy reliance on foreign fuel and other commodities makes its economy vulnerable to currency volatility, as well as 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.
2022-09-13
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