The outlook for large non-manufacturing firms in Japan stood at 8 for the first quarter of 2022, higher than the previous quarter’s reading but fell short of market expectations for an increase to 10 as sentiment was dampened by higher costs and uncertainties around the Omicron variant. Analysts are warning that the emergence of the new variant clouds the outlook and may keep the economic recovery unstable next year. Outlook worsened the most among firms in the following industries: service for businesses (-13), goods rental & leasing (-10), information services (-9), communications (-8) and real estate (-5). source: Bank of Japan

Tankan Non-Manufacturing Outlook in Japan averaged 5.27 points from 1983 until 2021, reaching an all time high of 51 points in the fourth quarter of 1990 and a record low of -36 points in the first quarter of 1999. This page includes a chart with historical data for Japan Tankan Non-Manufacturing Outlook. Japan Tankan Non-Manufacturing Outlook - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.

Tankan Non-Manufacturing Outlook in Japan is expected to be 9.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Japan Tankan Non-Manufacturing Outlook


Calendar GMT Actual Previous Consensus TEForecast
2021-09-30 11:50 PM Q3 3 3 5 3
2021-12-12 11:50 PM Q4 8 3 10 9
2022-03-31 11:50 PM Q1 8


Related Last Previous Unit Reference
Business Confidence 18.00 18.00 points Dec/21
Small Business Sentiment -1.00 -3.00 Dec/21
Tankan Non-Manufacturing Outlook 8.00 3.00 points Mar/22
Tankan Large Manufacturing Outlook 13.00 14.00 points Mar/22
Tankan Large All Industry Capex 9.30 10.10 percent Dec/21
Non Manufacturing Pmi 9.00 2.00 points Dec/21
Japan Tankan Non-Manufacturing Outlook
The Tankan (Short-Term Economic Survey of Enterprises in Japan) is a statistical survey conducted by the Bank of Japan. It aims to provide an accurate picture of business trends of enterprises in Japan, thereby contributing to the appropriate implementation of monetary policy.