Japan Economy Watchers Survey

In January 2017, the current economic DI declined from 51.4 in the previous month to 49.8. The future outlook DI also declined to 49.4 from 50.9 in the previous month.

Published monthly by the Cabinet Office. Updated till the month of January 2017 (published on February 8th, 2017)

Recent data trend:

In January 2017, both the DIs for current and future economic condition deteriorated to levels below 50. The deterioration is a set back to the significant improvement we saw in the DIs in the second half of 2016. The current condition DI declined by 1.6 points to 49.8 and the future outlook DI was 49.4, 1.5 points lower than the previous month, after adjusting for seasonal factors.

Among the sub-components of the survey, all the three DIs, namely household, corporate and employment, declined. Employment related DI recorded a sizable decline as both current and future indexes dipped for the first time since June 2016.

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:   March 8th, 2017

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