Monitor the JN BSI Manufacturing Index to gauge business sentiment and predict economic trends. Key for BOJ insights.
This is a key indicator of economic vitality, as businesses quickly adjust to market conditions. Changes in their outlook can signal early movements in future economic activities such as spending, hiring, and investment. A reading above 0.0 reflects optimism, while a reading below indicates pessimism. This survey is used to anticipate the BOJ's Tankan survey, which is published approximately one week later.
What it Measures
It measures the level of a diffusion index derived from surveys of major manufacturers.
Usual Effect
A result that exceeds the forecast is considered favorable for the currency.
Source & Frequency
Ministry of Finance (latest release) - https://www.mof.go.jp/english/index.htm • This data is released quarterly, around 70 days into the current quarter.
How Data is Derived
Survey of about 14,400 large manufacturers which asks respondents to rate the relative level of general business conditions
Also Known As
N/A
Acronym
Business Survey Index (BSI), Bank of Japan (BOJ)