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Main Indicator: Eco Watchers Survey
Most Recent Release
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Actual | Forecast | Previous | Revised Form | |
| 29.5 | 31.0 | 32.1 | N/A | ||
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For June
Economic conditions in Japan posted its 4th consecutive monthly decline, dropping to a 6 year low. Business conditions for merchants like barbers, taxi drivers and others who deal with consumers, are being pressured by higher prices to consumers which is causing reduced consumers spending. For Japan, a downturn in its domestic economy is corresponding to a global slowdown, which means foreign demand will slacken as well. |
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Table of Past Data
| 10/9 | 11/8 | 12/10 | 1/11 | 2/8 | 3/10 | 4/8 | 5/12 | 6/9 | 7/8 | ||
| Actual | 42.9 | 41.5 | 38.8 | 36.6 | 31.8 | 33.6 | 36.9 | 36.1 | 32.1 | 29.5 | |
| Forecast | 45.3 | 41.1 | 39.0 | 35.5 | 36.0 | 34.5 | 31.0 | ||||
| Previous | 44.1 | 42.9 | 41.5 | 38.8 | 36.6 | 31.8 | 33.6 | 36.9 | 35.5 | 32.1 | |
| Revised From | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Secondary Indicator: BSI Large Manufacturing q/q
Most Recent Release
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Actual | Forecast | Previous | Revised Form | |
| -15.1 | -17.0 | -12.9 | N/A | ||
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For 2nd Quarter BSI Large All Industry (1Q): -15.2, pr. -9.3% (1Q) Sentiment among large companies in Japan fell to -15.1 for the 2nd quarter, which is the lowest since this series began being kept in its current form in 2004. The index subtracts the percentage of large companies reporting deteriorating business conditions from the percentage of those reporting improvement and covers 14,900 companies. Smaller companies are having a hard time as they face rising input costs and in an environment of slowing growth are unable to raise prices for fear sales will falter. Companies see weaker corporate profits ahead with manufacturers the most pessimistic. |
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Table of Past Data
| 3/23 | 6/22 | ||||||||||
| Actual | -12.9% | -15.1 | |||||||||
| Forecast | -17.0 | ||||||||||
| Previous | 5.2 | -12.9 | |||||||||
| Revised From | N/A | N/A | |||||||||
Past Releases
Eco Watchers Survey
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Actual | Forecast | Previous | Revised Form | |
| 32.1 | 34.5 | 35.5 | N/A | ||
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For May
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Actual | Forecast | Previous | Revised Form | |
| 36.1 | 36.9 | N/A | |||
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For April
Eco Watchers Outlook: 35.5, pr. 38.2 (Mar), 39.5 (Feb), 35.8 (Jan) The Eco Watchers survey showed current conditions declining in April, after 3 months of growth. The indicators has climbed out of its 7 year low of 32.8 in January, and had been improving the rest of the 1st quarter. Japanese merchants are losing confidence because inflation is hurting consumer confidence and spending. This was evident from the Household Spending data from April 29th that showed the annual rate of spending down 1.6%, which was the biggest drop in 15 years. Other factors include a worsening labor market and weakening corporate sector confidence as a result of high oil and raw material prices which are cutting into profits. The Yen was pressured overnight, as stocks in Europe and the UK recovered, helping to bring carry trade and risk appetite back from a panicky end to last week's trading. |
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Actual | Forecast | Previous | Revised Form | |
| 36.9 | 36.0 | 33.6 | N/A | ||
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For March
Provided by: Eco Watcher Survey
Eco Watchers Outlook: 38.2, pr. 39.5 (Feb), 35.8 (Jan)
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Actual | Forecast | Previous | Revised Form | |
| -12.9% | 5.2 | N/A | |||
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For 1st Quarter BSI Large All Industry (1Q): -9.3%, pr 0.5% |
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Actual | Forecast | Previous | Revised Form | |
| 33.6 | 31.8 | N/A | |||
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For February
Outlook: 39.5; pr. 35.8 Release from Eco Watcher Survey Merchant sentiments imporved slightly, but remained at a 6-year low. Deteriorated purchasing power due to inflation also restrained spending. Businesses are feeling the pinch from record oil prices as well and has scaled back investments as shown in the Q4 Capital Spending figures last week. |
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Actual | Forecast | Previous | Revised Form | |
| 31.8 | 35.5 | 36.6 | N/A | ||
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For January
Eco Watchers Outlook: 35.8, pr. 37.0 The Eco Watcher Survey, which measures the perceptions of workers with jobs senstive to economic trends, saw its 10th decline in a row on January. The index fell more than expected to 31.8. The future outlook index, fell to the weakest level since December 2001. |
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Actual | Forecast | Previous | Revised Form | |
| 36.6 | 39.0 | 38.8 | N/A | ||
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For December. Released by the Cabinet Office: Economy Watchers Survey Outlook Index: 37.0, pr. 38.8. Higher oil and food prices caused the Economy Watchers Survey to fall 2.2 points to 36.6 from November's 38.8. The survey measures workers' assessment of the economy and it was the 9 straight of that the survey was below the 50 level. |
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Actual | Forecast | Previous | Revised Form | |
| 38.8 | 41.1 | 41.5 | N/A | ||
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For November. Eco Watchers Outlook: 38.8, pr. 43.1 |
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Actual | Forecast | Previous | Revised Form | |
| 41.5 | 42.9 | N/A | |||
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Current Conditions for October. For the seventh straight month, confidence of workers declined. Future Outlook: 43.1 (Oct), pr. 46 (Sept) |
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Actual | Forecast | Previous | Revised Form | |
| 42.9 | 45.3 | 44.1 | N/A |