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Data from Cabinet Office of Japan. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Tankan All Small Industry CAPEX climbed to -6.2% in October 2016
Cabinet Office of JapanMonthlyReleased December 2016
Japan Tankan All Small Industry CAPEX climbed to -6.2% in October 2016, released December 2016, up 2.8% from September's -9.0% reading. The reading missed the -3.1% consensus by 3.1%.
Latest Release
-6.2
Actual
-3.1
Consensus
-9
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
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 |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.50 | FOREX | Bullish JPY | → View |
| EUR/JPY | ▼ Inverse | −0.45 | FOREX | Bullish JPY | → View |
| Nikkei 225 | ▲ Direct | +0.45 | INDEX | Bullish JP | → View |
| GBP/JPY | ▼ Inverse | −0.40 | FOREX | Bullish JPY | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Tankan All Small Industry CAPEX (Japan) was reported at -8.1% in March 2026. The reading fell from the previous value of 0.1%. Trailing 12-month context per ETL data through March 2026.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bullish JPY). A secondary relationship exists with EUR/JPY, negatively correlated (Bullish JPY).
WHAT TO WATCH NEXT
The next release is scheduled for June 30, 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 March 2026.
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Tankan All Small Industry CAPEX - JP
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About Tankan All Small Industry CAPEX — Japan
DEFINITION
The Tankan All Small Industry CAPEX is a financial indicator that measures the capital expenditures of small businesses in Japan. It provides valuable insights into the overall investment and growth trends of the country's small business sector, which is a key driver of economic activity. This indicator is closely monitored by investors, policymakers, and analysts as it can indicate the health and future prospects of the Japanese economy.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2026): actual -8.1 %. Prior reading (Oct 2025): 0.1 %. Before that (Jul 2025): -2.3 %.
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 USD/JPY (Bullish JPY, r=-0.50) — a useful reference for forex-focused traders.