January 14, 2019

Japan Economy Watchers Survey

The October tax hike effects fades away, but the pessimism remains intact

Published monthly by the Cabinet Office. Updated until December 2019 (published on January 14th, 2019)

Recent data trend

Economy Watchers survey result for December was somewhat disappointing. While the Current Condition DI did improve slightly between November and December, the improvement was small. More worryingly, the Future Outlook index deteriorated between November and December. It seems that while the negative impact from the consumption tax rate hike in October is quickly dissipating without a lasting impact, the two-year deteriorating trend that started in early 2018 is still in effect. The Current Con...

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Brief Overview of "Economy Watchers Survey"

"Economy watchers survey" is a survey of people who are working in industries that are sensitive to economic trends, such as household activity, corporate activity, and employment. This index is a diffusion index (DI). The index over 50 indicates that the economy is expanding, while the index below 50 indicates that the economy is contracting. 

DI for current conditions indicate the direction of change compared to 3 months ago, and DI for future condition index indicates the expected direction of change within the next 2 or 3 months.

For more information, visit the official government page

Source: Cabinet Office, JMA

The Next Release Date: February 10th, 2020

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