Japan Business Confidence

Last Release

Mar 31, 2024

Actual

Units In

Points

Frequency

Quarterly

Next Release

Jul 02, 2024

Time to Release

3 Months 0 Days 20 Hours

Highest	Lowest	Average	Date Range	Source
53 Jun 1989	-58 Mar 2009	1.69 Points	1983-2024	Bank of Japan

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.

Latest Updates

The Bank of Japan's Tankan index of sentiment among large manufacturers fell to plus 11 in the first quarter of 2024 from plus 13 in the previous quarter, dropping for the first time in a year as shutdowns of car plants in the past few months weighed heavily. Still, the latest reading came in above market expectations of plus 10. The largest falls were seen among manufacturers of motor vehicles (13 in Q1 vs 28 in Q4), nonferrous metals (6 vs 15) and business-oriented machinery (16 vs 22). Meanwhile, sharp improvements were seen among manufacturers of petroleum & coal products (9 vs 0), food & beverages (24 vs 18) and shipbuilding & heavy machinery (18 vs 9). Looking ahead, large manufacturing firms see a further deterioration in business conditions with a reading of plus 10 in the second quarter.