Track the JN Tankan Non-Manufacturing Index to gauge Japan's economic health through business sentiment, influencing market strategies.
This serves as a key indicator of economic health, as businesses tend to respond swiftly to market fluctuations. Variations in their sentiment can provide early signs of upcoming economic activities, including spending, hiring, and investment. A reading above 0.0 suggests improving conditions, while a reading below indicates a decline. Note that the source modified its series calculation formula in April 2004.
What it Measures
A diffusion index level derived from surveys of large enterprises, excluding those in the manufacturing sector.
Usual Effect
'Actual' figures exceeding 'Forecast' are favorable for the currency.
Source & Frequency
Bank of Japan (latest release) - https://www.boj.or.jp/en/index.htm/ • Published quarterly, typically at the end of the current quarter.
How Data is Derived
Survey of about 850 large businesses which asks respondents to rate the relative level of general business conditions
Also Known As
Tankan Large Non-Manufacturing Index
Acronym
N/A