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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Eco Watchers Survey Outlook climbed to 40.7 in May 2026
FMPMonthlyReleased June 2026
Japan Eco Watchers Survey Outlook climbed to 40.7 in May 2026, released June 2026, up 1.3 from April's 39.4 reading. The reading matched the 40 consensus. Eco Watchers Survey Outlook has now risen for 3 consecutive months. Over the past 3 months, Eco Watchers Survey Outlook averaged 39.05, vs 50.2 in the prior 3-month window. The reading is in the 10th percentile of the trailing 24-month range.
Latest Release
40.7
Actual
40
Consensus
39.4
Previous
Median Absolute Error
±1.02
across last 12 releases
Last Call
Jun 2026
Predicted: 41.7
Actual: 40.7
Error: +1
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 |
|---|---|---|---|---|---|
| BTC/USD | ▼ Inverse | −0.44 | CRYPTO | Bearish BTC | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Bullish XAU | → View |
| S&P 500 | ▲ Direct | +0.27 | INDEX | Bullish S&P 500 | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Eco Watchers Survey Outlook (Japan) was reported at 40.70 in June 2026. This beat the market consensus of 40.00 by 0.70. The reading rose from the previous value of 39.40. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 47.57, ranging from 39.40 to 53.10 across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 43.37, down from the prior three at 50.30. Volatility over the past year (σ 4.01) is higher than the prior year (σ 2.16). In June readings over the past 3 years, Eco Watchers Survey Outlook has averaged 43.93.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). A secondary relationship exists with XAU/USD, positively correlated (Bullish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 1.03.
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 Outlook - JP
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About Eco Watchers Survey Outlook — Japan
DEFINITION
The Eco Watchers Survey Outlook is a key financial indicator that measures the overall sentiment and outlook of businesses and consumers in Japan. This survey provides valuable insights into the current and future economic conditions, including trends in consumer spending, business investment, and employment. The data collected from this survey is closely monitored by analysts and policymakers to gauge the health of the Japanese economy and make informed decisions. The Eco Watchers Survey Outlook is a reliable and timely indicator that is highly regarded in the financial industry.
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 40.7, consensus 40. Prior reading (Apr 2026): 39.4. Before that (Mar 2026): 38.7.
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 BTC/USD (Bearish BTC, r=-0.44) — a useful reference for crypto-focused traders.