The Bank of Japan's Tankan index for small manufacturers' sentiment fell to a near three-year low of -1 in the second quarter of 2019 from 6 in the previous period, missing market consensus of 2. Small Business Sentiment in Japan averaged -6.91 from 1967 until 2019, 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 5.00 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 6.00 in 12 months time. In the long-term, the Japan Small Business Sentiment is projected to trend around 5.00 in 2020, according to our econometric models.

Japan Small Business Sentiment
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-30 11:50 PM Tankan Small Manufacturers Index Q3 14 14 13 15
2018-12-13 11:50 PM Tankan Small Manufacturers Index Q4 14 14 13 13
2019-03-31 11:50 PM Tankan Small Manufacturers Index Q1 6 14 10 12
2019-06-30 11:50 PM Tankan Small Manufacturers Index Q2 -1 6 2 5
2019-09-30 11:50 PM Tankan Small Manufacturers Index Q3 -1 -4
2019-12-12 11:50 PM Tankan Small Manufacturers Index Q4 1


Japan Business Last Previous Highest Lowest Unit
Business Confidence 7.00 12.00 53.00 -58.00 Index Points [+]
Manufacturing PMI 49.30 49.40 56.20 29.60 [+]
Services Pmi 53.30 51.80 55.30 46.40 Index Points [+]
Industrial Production 0.70 -3.80 30.00 -37.20 percent [+]
Industrial Production Mom 1.30 -3.30 6.80 -16.50 percent [+]
Manufacturing Production 0.70 -3.80 29.30 -37.20 percent [+]
Capacity Utilization 102.30 101.20 136.10 68.60 Index Points [+]
New Orders 1053.95 1122.80 1624.17 693.64 JPY Billion [+]
Machinery Orders -6.60 13.90 25.50 -17.00 percent [+]
Changes in Inventories 2007.90 2299.30 7613.70 -6589.80 JPY Billion [+]
Bankruptcies 678.00 802.00 1965.00 6.00 Companies [+]
Corporate Profits 23232.47 22244.02 26401.12 43.24 JPY Billion [+]
Coincident Index 99.80 99.50 106.90 69.30 [+]
Economy Watchers Survey 42.80 41.20 57.50 18.90 [+]
Car Production 696692.00 676431.00 961994.00 249772.00 Units [+]
Car Registrations 201903.00 258150.00 585449.00 83044.00 [+]
Leading Economic Index 93.60 93.60 108.00 72.50 Index Points [+]
Small Business Sentiment -1.00 6.00 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 [+]
Machine Tool Orders 88347.00 101278.00 182860.00 19037.00 JPY Million [+]
Mining Production -0.70 -7.60 16.20 -16.10 percent [+]
Cement Production 5000.00 4694.00 9368.00 4218.00 Thousands of Tonnes [+]
All Industry Activity Index 106.00 106.90 108.70 94.20 Index Points [+]
Competitiveness Index 82.47 81.59 82.47 5.36 Points [+]
Competitiveness Rank 5.00 8.00 10.00 5.00 [+]
Composite Pmi 51.90 50.60 54.10 46.30 [+]
Corruption Index 73.00 73.00 80.00 58.00 Points [+]
Corruption Rank 18.00 20.00 25.00 14.00 [+]
Ease of Doing Business 39.00 34.00 39.00 13.00 [+]
Private Investment 1.90 6.10 12.80 -25.33 percent [+]
Non Manufacturing Pmi 23.00 21.00 57.00 -41.00 [+]
Reuters Tankan Index -7.00 -4.00 39.00 -78.00 Index Points [+]
Tertiary Industry Index 106.90 106.80 107.20 73.20 Index Points [+]
Steel Production 8386.66 8789.26 10775.00 1177.00 Thousand Tonnes [+]


Japan Small Business Sentiment

Tankan Business Conditions Small Manufacturing Enterprises Diffusion Index is based on the survey of approximately 220,000 private enterprises (excluding financial institutions) with at least 20 million yen in capital. 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 Small Business Sentiment- actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Small Business Sentiment - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1.00 6.00 46.00 -60.00 1967 - 2019 Quarterly
NSA




Country Last Previous
Australia 0.84 Jun/19
Brazil 58.80 Aug/19
Japan -1.00 Jun/19
United Kingdom -24.00 Sep/19


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