The index for big manufacturers' sentiment in Japan was unchanged at +19 in the fourth quarter of 2018, following three consecutive periods of deterioration and slightly above market expectations of +17, the Bank of Japan's closely watched quarterly "tankan" survey showed. Morale was unchanged among enterprises producing pulp & paper, iron & steel, food & beverages, and electrical machinery; while sentiment softened among producers of lumber & wood products, non-ferrous metals, general-purpose machinery, production machinery, business oriented machinery, and motor vehicles. By contrast, confidence improved among producers of textiles, chemicals, petroleum & coal products, ceramics, stone & clay, processed metals, and shipbuilding & heavy machinery. Meanwhile, big firms plan to raise their capital spending by 14.3 percent in the financial year to March 2019, compared with expectations of 12.7 percent. Among non-manufacturing large firms, sentiment rose to +24 from +22 in Q3. Business Confidence in Japan averaged 1.41 Index Points from 1983 until 2018, reaching an all time high of 53 Index Points in the second quarter of 1989 and a record low of -58 Index Points in the first quarter of 2009.

Business Confidence in Japan is expected to be 17.00 Index 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 18.30 in 12 months time. In the long-term, the Japan Business Confidence is projected to trend around 2.00 Index Points in 2020, according to our econometric models.

Japan Business Confidence
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Calendar GMT Actual Previous Consensus TEForecast
2018-04-01 11:50 PM Tankan Large Manufacturers Index 24 26 25 25
2018-07-01 11:50 PM Tankan Large Manufacturers Index 21 24 22 20
2018-09-30 11:50 PM Tankan Large Manufacturers Index 19 21 22 18
2018-12-13 11:50 PM Tankan Large Manufacturers Index 19 19 17 17
2019-03-31 11:50 PM Tankan Large Manufacturers Index 19 21
2019-07-01 11:50 PM Tankan Large Manufacturers Index 20
2019-09-30 11:50 PM Tankan Large Manufacturers Index 18.30


Japan Business Last Previous Highest Lowest Unit
Business Confidence 19.00 19.00 53.00 -58.00 Index Points [+]
Manufacturing PMI 52.40 52.20 56.20 29.60 [+]
Services Pmi 52.30 52.40 55.30 46.40 Index Points [+]
Industrial Production 4.20 -2.50 30.00 -37.20 percent [+]
Industrial Production Mom 2.90 -0.40 6.80 -16.50 percent [+]
Manufacturing Production 4.20 -2.50 29.30 -37.20 percent [+]
Capacity Utilization 105.20 101.20 136.10 68.60 Index Points [+]
New Orders 1086.17 899.96 1624.17 693.64 JPY Billion [+]
Machinery Orders 7.60 -18.30 25.50 -18.30 percent [+]
Changes in Inventories 1157.40 971.50 7611.00 -6584.40 JPY Billion [+]
Bankruptcies 718.00 730.00 1965.00 6.00 Companies [+]
Corporate Profits 18284.72 26401.12 26401.12 43.24 JPY Billion [+]
Coincident Index 104.50 101.60 107.20 69.40 [+]
Economy Watchers Survey 51.00 49.50 57.50 18.90 [+]
Car Production 692919.00 595931.00 961994.00 249772.00 Units [+]
Car Registrations 240819.00 227172.00 585449.00 83044.00 [+]
Leading Economic Index 100.50 99.60 108.00 72.40 Index Points [+]
Small Business Sentiment 14.00 14.00 46.00 -60.00 [+]
Internet Speed 20171.96 19574.52 20171.96 6541.92 KBps [+]
IP Addresses 43689566.00 43995715.00 44977757.00 23570249.00 IP [+]
Private Investment 4.50 12.80 12.80 -25.33 percent [+]
Mining Production -8.50 -0.20 16.20 -16.10 percent [+]
Cement Production 5322.00 4996.00 9368.00 4218.00 Thousands of Tonnes [+]
Competitiveness Index 82.47 81.59 82.47 5.36 Points [+]
Competitiveness Rank 5.00 8.00 10.00 5.00 [+]
Composite Pmi 52.40 52.50 54.10 46.30 [+]
Corruption Index 73.00 72.00 80.00 58.00 Points [+]
Corruption Rank 20.00 20.00 25.00 14.00 [+]
Ease of Doing Business 39.00 34.00 39.00 13.00 [+]
Non Manufacturing Pmi 24.00 22.00 57.00 -41.00 [+]
Steel Production 8563.52 8418.41 10775.00 1177.00 Thousand Tonnes [+]


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. This page provides - Japan Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Business Confidence - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
19.00 19.00 53.00 -58.00 1983 - 2018 Index Points Quarterly




Country Last Previous
Australia 3.00 Nov/18
Brazil 63.80 Dec/18
Canada 57.20 Nov/18
China 50.00 Nov/18
Euro Area 1.09 Nov/18
France 105.00 Nov/18
Germany 101.00 Dec/18
India 64.90 Jun/18
Indonesia 108.05 Sep/18
Italy 104.40 Nov/18
Japan 19.00 Dec/18
Mexico 49.90 Nov/18
Netherlands 7.20 Nov/18
Russia -6.00 Nov/18
Saudi Arabia 3.00 Jun/16
Singapore -1.00 Sep/18
South Africa 31.00 Dec/18
South Korea 73.00 Nov/18
Spain -0.20 Nov/18
Switzerland 99.10 Nov/18
Turkey 92.80 Nov/18
United Kingdom -16.00 Dec/18
United States 59.30 Nov/18


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