The Bank of Japan's index for big manufacturers' sentiment fell to 14 in Q1 2022 from 18 in Q4 2021 and compared with market consensus of 12, reflecting the impact of the Ukraine crisis and commodity inflation. Mood softened among firms producing lumber & wood products (20 vs 25 in Q4), pulp & paper (-3 vs 11), chemicals (28 vs 31), ceramics, stone (0 vs 9), food & beverages (-5 vs 2), processed metals (3 vs 6), business oriented machinery (22 vs 25), electrical machinery (24 vs 29), basic materials (16 vs 18), motor vehicles (-15 vs -8), and processing (12 vs 16). At the same time confidence was unchanged for firms producing petroleum & coal (at 27) while strengthened among non-ferrous metals (21 vs 15), and production machinery (43 vs 40). Meantime, big firms planned to rise capital spending by 2.2%, much softer than 9.3% previously. source: Bank of Japan

Business Confidence in Japan averaged 1.38 points from 1983 until 2022, 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 June of 2022.

Business Confidence in Japan is expected to be 15.00 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 2023, according to our econometric models.

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Japan Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2021-12-12 11:50 PM Q4 18 18 19 20
2022-03-31 11:50 PM Q1 14 18 12 13
2022-06-30 11:50 PM Q2 14 13 10


Related Last Previous Unit Reference
Business Confidence 14.00 18.00 points Mar 2022
Small Business Sentiment -4.00 -1.00 Mar 2022
Tankan Non-Manufacturing Outlook 7.00 8.00 points Jun 2022
Tankan Large Manufacturing Outlook 9.00 9.00 points Jun 2022
Tankan Large All Industry Capex 2.20 9.30 percent Mar 2022
Non Manufacturing Pmi 9.00 9.00 points Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
14.00 18.00 53.00 -58.00 1983 - 2022 points Quarterly

News Stream
Japan Q1 Business Mood Eases
The Bank of Japan's index for big manufacturers' sentiment fell to 14 in Q1 2022 from 18 in Q4 2021 and compared with market consensus of 12, reflecting the impact of the Ukraine crisis and commodity inflation. Mood softened among firms producing lumber & wood products (20 vs 25 in Q4), pulp & paper (-3 vs 11), chemicals (28 vs 31), ceramics, stone (0 vs 9), food & beverages (-5 vs 2), processed metals (3 vs 6), business oriented machinery (22 vs 25), electrical machinery (24 vs 29), basic materials (16 vs 18), motor vehicles (-15 vs -8), and processing (12 vs 16). At the same time confidence was unchanged for firms producing petroleum & coal (at 27) while strengthened among non-ferrous metals (21 vs 15), and production machinery (43 vs 40). Meantime, big firms planned to rise capital spending by 2.2%, much softer than 9.3% previously.
2022-04-01
Japan Manufacturers Confidence Near 3-Year High
The Bank of Japan's index for big manufacturers' sentiment stood at 18 in the final quarter of 2021, matching an almost 3-year high hit in the previous quarter but below market forecast of 19. Sentiment improved among firms producing petroleum & coal products, textiles, business-oriented machinery, ceramics, stone & clay and production machinery. However, sentiment declined among companies producing nonferrous metals, iron & steel, lumber & wood products, food & beverages, pulp & paper and general-purpose machinery. The business outlook also saw conditions worsening ahead, underscoring the fragile nature of Japan’s economic recovery.
2021-12-13
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