Adjusted Current Account

The Current Account released by the Ministry of Finance is a net flow of current transactions, including goods, services, and interest payments into and out of Japan. A current account surplus indicates that the flow of capital into Japan exceeds the capital reduction. A current account deficit indicates that there is a net capital outflow from these sources. A high reading is seen as positive for the JPY, while a low reading is seen as negative

Consumer Confidence Households

The Consumer Confidence released by the Cabinet Office captures the level of confidence that house holds have in economic activity. A high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. A result above 50 is positive (or bullish) for the JPY, whereas a result below 50 is seen as bearish.

Domestic Corporate Goods Price Index

The Domestic Corporate Goods Price Index released by the Bank of Japan is a measure of prices for goods purchased by domestic corporates in Japan. The DCGPI is correlated with the CPI (Consumer Price Index) and is a way to measure changes in manufacturing cost and inflation in Japan. A high reading is seen as anticipatory of a rate hike and is positive (or bullish) for the JPY, while a low reading is seen as negative (or Bearish).

Machine Tool Orders

The machine Tool Orders released by the Japan Machine Tool Builders' Association shows movements in tool orders by manufacturers. It indicates business conditions and the overall economic condition in Japan. If a large number of tool orders come out, this may generate a positive sentiment (or bullish) for the JPY. On the other hand, a small number is seen as negative (or bearish).

Tokyo Condominium Sales

The Tokyo Condominium Sales released by the Japan Real Estate Institute present changes in the value of condominiums sold in Tokyo. As Tokyo is the capital city of Japan, this report serves as an indicator for the health of the overall Japanese Housing Market. A high reading is seen as positive (or bearish) for the JPY, while a low reading is seen as negative, or bearish.

Capacity Utilization

The Capacity Utilization released by the Ministry of Economy, Trade and Industry is the percentage of the Japanese production capacity which is actually used over the short-time period. It is indicative of overall growth and demand in the Japanese economy. A high capacity utilization stimulates inflationary pressures. A high reading is seen as positive (or bullish) for the JPY, while a low reading is seen as negative (or Bearish).

Industrial Production

The Industrial Production released by the Ministry of Economy, Trade and Industry measures outputs of the Japanese factories and mines. Changes in industrial production are widely followed as a major indicator of strength in the manufacturing sector. A high reading is seen as bullish for the JPY, whereas a low reading is seen as bearish.

Tankan All Industries Capital Expenditure (Capex)

Measures capital expenditure (capex) by all Japanese industries except the financial industry. Capital expenditure is an early indicator for production since companies usually make capital investments in order to expand operational productivity. Thus increasing capex figures can forecast economic growth, particularly if they are accompanied by high capacity utilization rates. The headline number is the annualized percentage change in spending from the previous quarter.

Tankan Large Manufacturers Index

Tracks overall business conditions for large manufacturing enterprises. The Tankan's main component, the Large Manufacturer's Index is indicative of the sentiment of leading manufacturing companies. The index uses zero as the centerline between positive and negative outlooks; the farther the value from zero the stronger the sentiment. High positive values signify favorable business conditions and suggest increased levels of production in the future. Low values suggest an ongoing or future contraction in the manufacturing sector. This measure is especially important for Japan because manufacturing firms are a primary driver of growth for the export-oriented economy.

Tankan Large Manufacturers Outlook

A forecast of the next quarter's Large Manufacturer's Index. The figure is a measure of future business expectations, providing an indication of economic trends based on factors like projected profits and capital investment. The headline number is the projected value of the Large Manufacturer's Index for the next quarter.

Tankan Non-Manufacturing Index

Reflects the prevailing sentiment of firms in the service sector on current business conditions. Business confidence among non-manufacturing firms, which conduct most of their business within Japan, reflects both the strength of domestic demand and the health of the non-export sector. The Non-Manufacturing Index is also important as a measure of overall economic health. The index uses zero as a centerline between positive and negative outlooks; the further the value is from zero the stronger the sentiment. High positive figures are indicative of a healthy and growing domestic economy.

Tankan Non-Manufacturing Outlook

Forecasts the value of the Non-Manufacturing Index in the next quarter. The Non-Manufacturing Outlook is a good measure of future business expectations, providing an indication of economic trends based on factors like projected profits, capital investment, and consumer demand. The headline number is the projected value of the Non-Manufacturing Diffusion Index for the next quarter.

BoJ Interest Rate Decision

BoJ Interest Rate Decision is announced by the Bank of Japan. If the BoJ is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the JYP. Likewise, if the BoJ has a dovish view on the Japanese economy and keeps the ongoing interest rate, or cuts the interest rate it is negative, or bearish.