Japan · Cycle layer · Indicator

Economy Watchers Survey, current conditions

Fetched 2 Nov 2026, 06:00 UTC
45.5 index
Post-trigger returned Jul 2026 · rising
As of Sep 2026 · Threshold < 45
Recession, Nov 2000 to Jan 2002Recession, Feb 2008 to Mar 2009Recession, Mar 2012 to Nov 2012Recession, Oct 2018 to May 2020102030405060Threshold < 45Trigger < 4520052010201520202025
2000 to 2026 · index. Shaded bands are recessions.* *Japan's bands are the Cabinet Office reference dates from the peak month.
What it is

A monthly survey of about 2,000 people whose jobs put them in touch with consumers and firms: taxi drivers, shop staff, restaurant managers, recruiters. The diffusion index for current conditions is 50 when as many see things improving as worsening.

Threshold source: Cabinet Office: 50 is neutral. The 45 line is a worldstat.us construction; the survey fell below it in 2008, 2011, 2014 and 2020, with and without a recession. How thresholds are chosen

Known weaknesses

A sentiment survey with a short lead. Read from a legacy spreadsheet on the publisher's site, so a change in its layout stops the series until the reader is updated.