Japan JPY

Japan Eco Watchers Survey Current

Info

History

Chart

Impact:

Low

Latest Release:

Date:

Surprise:

1.5

Actual:

48.7

Forecast: 47.2

Previous/Revision:

46.6

Period: Aug

What Does It Measure?

The Japan Eco Watchers Survey Current measures the sentiment of consumers regarding the current economic conditions in Japan. It focuses on assesses key areas such as household spending, employment, and business activity, providing insights into the overall economic health at a national level.

Frequency

This report is released monthly, and it offers preliminary estimates that reflect current economic sentiment. It is typically published around the middle of each month.

Why Do Traders Care?

Traders pay attention to the Japan Eco Watchers Survey Current as it provides timely insights into consumer sentiment, which can influence spending patterns and economic growth forecasts. Stronger-than-expected results are typically bullish for the Japanese yen (JPY) and may positively affect equities, while weaker readings may exert bearish pressure on these assets.

What Is It Derived From?

The survey is derived from responses collected from approximately 2,000 households and businesses by the Cabinet Office of Japan. It utilizes qualitative assessments based on diffusion indices, where respondents indicate whether conditions are improving, deteriorating, or unchanged.

Description

The Japan Eco Watchers Survey Current provides essential data reflecting consumer perceptions of economic conditions, which can influence future spending and investment behavior. Preliminary reports are based on current sentiment and may be subject to revisions, while final reports provide a more accurate depiction of the economic landscape, aligning with broader trends in consumer confidence.

Additional Notes

The survey serves as a coincident economic measure, aligning similarly with other consumer confidence indicators that gauge real-time economic activity. This indicator correlates with broader economic trends, providing a useful perspective on Japan's economic recovery trajectory in the context of international economic developments.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for JPY, Bullish for Stocks. Lower than expected: Bearish for JPY, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Time	Actual	Forecast	Previous	Surprise
Sep 10, 2018		48.7	47.2	46.6	1.5