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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Eco Watchers Survey Current climbed to 43.6 in May 2026
FMPMonthlyReleased June 2026
Japan Eco Watchers Survey Current climbed to 43.6 in May 2026, released June 2026, up 2.8 from April's 40.8 reading. The print exceeded the 41.3 consensus by 2.3. The print is running well below the 12-month average of 46.57. Over the past 3 months, Eco Watchers Survey Current averaged 41.5, vs 48.5 in the prior 3-month window. The reading is in the 14th percentile of the trailing 24-month range.
Latest Release
43.6
Actual
41.3
Consensus
40.8
Previous
Median Absolute Error
±1.2
across last 12 releases
Last Call
Jun 2026
Predicted: 40.9
Actual: 43.6
Error: -2.7
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 | −0.74 | INDEX | Bearish Nikkei 225 | → View |
| Hang Seng | ▼ Inverse | −0.48 | INDEX | Bearish Hang Seng | → 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 43.60 in June 2026. This beat the market consensus of 41.30 by 2.30. The reading rose from the previous value of 40.80. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 46.48, ranging from 40.80 to 49.10 across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 44.43, down from the prior three at 48.30. Volatility over the past year (σ 2.49) is higher than the prior year (σ 2.11). In June readings over the past 3 years, Eco Watchers Survey Current has averaged 44.57.
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 July 8, 2026. Same-country events in the next 14 days include Monetary Policy Statement (Jun 16) and BoJ Interest Rate Decision (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update June 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 (May 2026): actual 43.6, consensus 41.3. Prior reading (Apr 2026): 40.8. Before that (Mar 2026): 42.2.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with Nikkei 225 (Bearish Nikkei 225, r=-0.74) — a useful reference for index-focused traders.