Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Jibun Bank Services PMI climbed to 53.7 in January 2026
FMPMonthlyReleased February 2026
Japan Jibun Bank Services PMI climbed to 53.7 in January 2026, released February 2026, up 2.1 from December's 51.6 reading. The reading matched the 53.4 consensus. Year-over-year, the indicator is up 0.7. Over the past 3 months, Jibun Bank Services PMI averaged 52.6, vs 52.93 in the prior 3-month window. Jibun Bank Services PMI is now the highest in 16 months.
Latest Release
53.7
Actual
53.4
Consensus
51.6
Previous
Median Absolute Error
±0.31
across last 12 releases
Last Call
Feb 2026
Predicted: 53.38
Actual: 53.7
Error: -0.32
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 |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.82 | COMMODITIES | Moves with | → View |
| GBP/JPY | ▲ Direct | +0.76 | FOREX | Moves with | → View |
| EUR/JPY | ▲ Direct | +0.58 | FOREX | Moves with | → View |
| AUD/JPY | ▲ Direct | +0.37 | FOREX | Moves with | → View |
| USD/JPY | ▲ Direct | +0.37 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Jibun Bank Services PMI (Japan) was reported at 53.70 in February 2026. This beat the market consensus of 53.40 by 0.30. The reading rose from the previous value of 51.60. Trailing 12-month context per ETL data through February 2026. Over the past 12 months, the indicator has averaged 52.88, ranging from 51.60 to 53.70 across 9 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 52.60, down from the prior three at 53.13. Volatility over the past year (σ 0.58) is lower than the prior year (σ 1.47). In February readings over the past 3 years, Jibun Bank Services PMI has averaged 53.08.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). A secondary relationship exists with GBP/JPY, positively correlated (Bullish GBP). Over the last 12 releases, the Sigmacast model's median absolute error is 0.31.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Exports YoY (Sep 15) and Balance of Trade (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update February 2026.
SHARE
Jibun Bank Services PMI - JP
Loading chart data...
About Jibun Bank Services PMI — Japan
DEFINITION
The Jibun Bank Services PMI is a key economic indicator that measures the performance of the Japanese service sector. It provides valuable insights into the overall health and growth of the country's economy, as the service sector accounts for a significant portion of Japan's GDP. This indicator is based on a monthly survey of purchasing managers in various service industries, and is widely used by businesses, investors, and policymakers to make informed decisions and forecasts. With its timely and reliable data, the Jibun Bank Services PMI is an essential tool for monitoring and analyzing the Japanese economy.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2026): actual 53.7, consensus 53.4. Prior reading (Dec 2025): 51.6. Before that (Dec 2025): 52.5.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar 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 XAU/USD (Bullish XAU, r=0.82) — a useful reference for commodities-focused traders.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - JP Events
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 04:30 | JP | Capacity Utilization | 0.5 | 4.1 | -1.3 | -0.40 | Low |
| 04:30 | JP | Industrial Production MoM | -0.2 | 1.9 | 0.1 | -0.05 | Low |
| 04:30 | JP | Industrial Production YoY | 3.9 | 4.9 | 4.1 | 4.00 | Low |
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 04:30 | JP | Tertiary Industry Index MoM | -0.2 | 0.3 | 0.70 | Low | |
| 23:50 | JP | Exports YoY | 23.2 | 18.2 | 18.60 | Medium | |
| 23:50 | JP | Balance of Trade | -634.5 | -1052.6 | -959.65 | High | |
| 23:50 | JP | Imports YoY | 27.8 | 26.3 | 26.15 | Low | |
| 23:50 | JP | Machinery Orders MoM | 9.7 | -2.8 | 1.10 | Medium | |
| 23:50 | JP | Machinery Orders YoY | 16.9 | 15.3 | 18.45 | Medium | |
| 23:50 | JP | Adjusted Trade Balance | -0.69 | -0.98 | -0.92 | Medium | |