November 11, 2019

Japan Economy Watchers Survey

A respite in February after a slew of bad data for January?

Published monthly by the Cabinet Office. Updated until October 2019 (published on November 11th, 2019)

Recent data trend

Economy Watchers indices for February 2019 was a relief for those who fear Japan may be rapidly plummeting into a recession. The current diffusion index (DI) improved to 47.5 in February, more than compensating for the loss it suffered in January. The Future DI did deteriorate in February, but the speed of the deterioration was relatively small. The Japanese economy most likely suffered a severe contraction in January, but the pace of deterioration seems to have at least eased in February. By...

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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: December 9th, 2019

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