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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Eco Watchers Survey Current climbed to 44 in June 2026
FMPMonthlyReleased July 2026
Japan Eco Watchers Survey Current climbed to 44 in June 2026, released July 2026, up 0.4 from May's 43.6 reading. The reading matched the 44.6 consensus. Eco Watchers Survey Current has now risen for 3 consecutive months. Over the past 3 months, Eco Watchers Survey Current averaged 42.2, vs 47.24 in the prior 3-month window. The reading is in the 18th percentile of the trailing 24-month range.
Latest Release
44
Actual
44.6
Consensus
43.6
Previous
Median Absolute Error
±1.2
across last 12 releases
Last Call
Jul 2026
Predicted: 44.98
Actual: 44
Error: +0.98
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| Nikkei 225 | ▼ Inverse | −0.73 | INDEX | Moves against | → View |
| Hang Seng | ▼ Inverse | −0.41 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Eco Watchers Survey Current (Japan) was reported at 44.00 in July 2026. This missed the market consensus of 44.60 by 0.60. The reading rose from the previous value of 43.60. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 46.39, ranging from 40.80 to 49.10 across 11 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 42.80, down from the prior three at 48.37. Volatility over the past year (σ 2.56) is higher than the prior year (σ 2.19). In July readings over the past 3 years, Eco Watchers Survey Current has averaged 45.33.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with Nikkei 225 (Bearish Nikkei 225). A secondary relationship exists with Hang Seng, negatively correlated (Bearish Hang Seng). Over the last 12 releases, the Sigmacast model's median absolute error is 1.20.
WHAT TO WATCH NEXT
The next release is scheduled for August 10, 2026. Same-country events in the next 14 days include CFTC JPY speculative net positions (Jul 31) and BoJ Monetary Policy Meeting Minutes (Aug 4).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Eco Watchers Survey Current - JP
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About Eco Watchers Survey Current — Japan
DEFINITION
The Eco Watchers Survey Current is a widely recognized financial indicator that measures the current economic conditions in Japan. It is based on a monthly survey of business executives and households, providing valuable insights into the country's economic performance and future outlook. This indicator is closely monitored by investors, policymakers, and analysts as it reflects the sentiment and confidence of key stakeholders in the Japanese economy. Its timely and accurate data makes it a crucial tool for decision-making and forecasting in the financial world.
WHY THIS INDICATOR MATTERS
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.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2026): actual 44, consensus 44.6. Prior reading (May 2026): 43.6. Before that (Apr 2026): 40.8.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with Nikkei 225 (Bearish Nikkei 225, r=-0.73) — a useful reference for index-focused traders.
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Economic Calendar - JP Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 05:00 | JP | Consumer Confidence | 34.9 | 33.8 | 34.2 | 34.55 | High |
| 23:30 | JP | Unemployment Rate | 2.5 | 2.5 | 2.5 | 2.50 | Medium |
| 23:30 | JP | Core CPI YoY | 1.9 | 1.6 | 1.7 | 1.80 | Low |
| 23:30 | JP | Jobs/applications ratio | 1.18 | 1.17 | 1.17 | 1.17 | Low |
| 23:30 | JP | CPI YoY | 2 | 1.9 | 2 | 2.00 | Low |
| 23:50 | JP | Retail Sales YoY | 0.5 | 5 | 3.1 | 1.80 | Medium |
| 23:50 | JP | Industrial Production MoM | 1.3 | 0.1 | 0.7 | 1.00 | Medium |
| 23:50 | JP | Retail Sales MoM | -4.1 | 1.7 | -0.5 | -2.30 | Low |
| 23:50 | JP | Industrial Production YoY | 4.2 | -2.1 | 1.8 | 3.00 | Low |
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 03:00 | JP | BoJ Interest Rate Decision | 1 | 1 | 1 | 1.00 | High |
| 05:00 | JP | Housing Starts YoY | 18.6 | 33.9 | 12.8 | 15.70 | Medium |
| 05:00 | JP | Construction Orders YoY | 2.3 | -6.7 | -7 | -2.35 | Low |