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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Eco Watchers Survey Current fell to 40.8 in April 2026
FMPMonthlyReleased May 2026
Japan Eco Watchers Survey Current fell to 40.8 in April 2026, released May 2026, down 1.4 from March's 42.2 reading. The reading matched the 41.6 consensus. Eco Watchers Survey Current has now declined for 3 consecutive months. Over the past 3 months, Eco Watchers Survey Current averaged 46.67, vs 48.3 in the prior 3-month window. Eco Watchers Survey Current is now the lowest in 35 months.
Latest Release
40.8
Actual
41.6
Consensus
42.2
Previous
Median Absolute Error
±1.2
across last 12 releases
Last Call
May 2026
Predicted: 42.05
Actual: 40.8
Error: +1.25
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| Nikkei 225 | ▼ Inverse | −0.61 | INDEX | Bearish Nikkei 225 | → 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 40.80 in May 2026. This missed the market consensus of 41.60 by 0.80. The reading fell from the previous value of 42.20. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 46.55, ranging from 40.80 to 49.10 across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 45.77, down from the prior three at 48.80. Volatility over the past year (σ 2.42) is higher than the prior year (σ 2.01). In May readings over the past 3 years, Eco Watchers Survey Current has averaged 43.60.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with Nikkei 225 (Bearish Nikkei 225). 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 June 8, 2026. Same-country events in the next 14 days include Current Account (Jun 7) and Gross Domestic Product QoQ (Jun 7).
Auto-generated from current model state · Refreshes on each release · Last update May 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 (Apr 2026): actual 40.8, consensus 41.6. Prior reading (Mar 2026): 42.2. Before that (Feb 2026): 48.9.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with Nikkei 225 (Bearish Nikkei 225, r=-0.61) — a useful reference for index-focused traders.