Loading page content
Loading page content
Japan All Industry Activity Index MoM climbed to 0.8% in January 2020, released March 2020, up 0.9% from December's -0.1% reading. The print exceeded the 0.2% consensus by 0.6%. The print is running well above the 12-month average of -1.18%. Over the past 3 months, All Industry Activity Index MoM averaged -2.72%, vs 0.75% in the prior 3-month window. The reading is in the 80th percentile of the trailing 24-month range.
across last 12 releases
Mar 2020
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.50 | FOREX | Bullish JPY | → View |
| EUR/JPY | ▼ Inverse | −0.45 | FOREX | Bullish JPY | → View |
| Nikkei 225 | ▲ Direct | +0.45 | INDEX | Bullish JP | → View |
| GBP/JPY | ▼ Inverse | −0.40 | FOREX | Bullish JPY | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
All Industry Activity Index MoM (Japan) was reported at 1.3% in September 2020. The reading fell from the previous value of 6.8%. This is classified as a medium-impact indicator released on a monthly basis.
The trailing three releases averaged 1.3%, up from the prior three at -3.6%.
Historically, this indicator is negatively correlated with USD/JPY (Bullish JPY). A secondary relationship exists with EUR/JPY, negatively correlated (Bullish JPY). Over the last 12 releases, the Sigmacast model's median absolute error is 0.26%.
Same-country events in the next 14 days include Core Inflation Rate YoY (Jun 18) and Inflation Rate YoY (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update September 2020.
The All Industry Activity Index MoM is a monthly economic indicator that measures the overall activity and performance of all industries within a country. It takes into account factors such as production, sales, and employment to provide a comprehensive view of the country's economic health. This index is closely monitored by investors, policymakers, and businesses as it can provide valuable insights into the current and future state of the economy. A positive change in the index indicates growth and expansion, while a negative change suggests a slowdown or contraction.
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
Latest reading (Jul 2020): actual 1.3 %. Prior reading (Jun 2020): 6.1 %. Before that (May 2020): -3.5 %.
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/JPY (Bullish JPY, r=-0.50) — a useful reference for forex-focused traders.
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
| Tuesday, June 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 03:00 | BoJ Interest Rate Decision | 1 | 0.75 | 1 | 1.00 | High | |
| 23:00 | Reuters Tankan Index | 13 | 8 | 9 | 11.50 | Low | |
| 23:50 | Machinery Orders MoM | 8.7 | -9.4 | 0.9 | 3.87 | Medium | |
| 23:50 | Imports YoY | 12.5 | 9.8 | 12.8 | 12.65 | Low | |
| 23:50 | Exports YoY | 17 | 14.8 | 16.2 | 16.60 | Medium | |
| 23:50 | Balance of Trade | -378.7 | 299.3 | -564.6 | -471.65 | High | |
| 23:50 | Machinery Orders YoY | 15.6 | 5.9 | 9.3 | 11.68 | Medium | |
| 23:50 | Adjusted Trade Balance | -0.09 | 0.2 | -0.21 | -0.15 | Medium | |
| Wednesday, June 17, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 23:00 | Reuters Tankan Index | 8 | 9 | 11.50 | Low | ||
| Thursday, June 18, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 23:30 | Inflation Rate Ex-Food and Energy YoY | 1.9 | 1.9 | 1.90 | Low | ||
| 23:30 | Core Inflation Rate YoY | 1.4 | 1.4 | 1.40 | Medium | ||
| 23:30 | Inflation Rate YoY | 1.4 | 1.6 | 1.60 | High | ||
| 23:30 | Inflation Rate MoM | 0.1 | 0.3 | 0.30 | Low | ||