The Bank of Japan's index for big manufacturers' sentiment fell to 9 in the second quarter of 2022 from 14 in the previous quarter, hit by rising input costs and supply disruptions caused by the war in Ukraine and China's strict COVID-19 lockdowns. The latest figure also came in below expectations for a reading of 13 and hit the lowest since March 2021. Mood softened mainly among firms producing ships & heavy machinery (-19), motor vehicles (-19), food & beverages (-11), textiles (-10), pulp & paper (-7) and iron & steel (-6). Japan’s economy likely stalled in the current quarter, with recent data showing the country’s factory output fell the most in two years in May. The tankan will be among data scrutinized at the Bank of Japan's upcoming rate-setting meeting on July 20-21, when the board produces fresh quarterly growth and inflation projections. source: Bank of Japan
Business Confidence in Japan averaged 1.43 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 July of 2022.
Business Confidence in Japan is expected to be 10.00 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.