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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Tankan Non-Manufacturers Outlook climbed to 15 in November 2014
FMPMonthlyReleased December 2014
Japan Tankan Non-Manufacturers Outlook climbed to 15 in November 2014, released December 2014, up 1 from October's 14 reading. The print exceeded the 14 consensus by 1.
Latest Release
15.000000
Actual
14.000000
Consensus
14.000000
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 | Co-movement | Action |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| EUR/JPY | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| Nikkei 225 | ▲ Direct | +0.45 | INDEX | Moves with | → View |
| GBP/JPY | ▼ Inverse | −0.40 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Tankan Non-Manufacturers Outlook (Japan) was reported at 15.00 in December 2014. This beat the market consensus of 14.00 by 1.00. The reading rose from the previous value of 14.00.
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
Same-country events in the next 14 days include BoJ Monetary Policy Meeting Minutes (Aug 4) and Monetary Policy Meeting Minutes (Aug 4).
Auto-generated from current model state · Refreshes on each release · Last update December 2014.
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Tankan Non-Manufacturers Outlook - JP
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About Tankan Non-Manufacturers Outlook — Japan
DEFINITION
The Tankan Non-Manufacturers Outlook is a key financial indicator that measures the sentiment and expectations of non-manufacturing businesses in Japan. It provides valuable insights into the overall health of the country's service sector and can help investors and policymakers make informed decisions. This indicator is based on a survey of thousands of businesses and is considered a reliable gauge of future economic growth and consumer spending.
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 (Oct 2014): actual 15, consensus 14.
WHAT'S NEXT
This indicator correlates most strongly with USD/JPY (Bullish JPY, r=-0.50) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - JP Events
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 03:00 | JP | BoJ Interest Rate Decision | 1 | 1 | 1 | 1.00 | High |
| 05:00 | JP | Construction Orders YoY | 2.3 | -6.7 | -7 | -2.35 | Low |
| 05:00 | JP | Housing Starts YoY | 18.6 | 33.9 | 12.8 | 15.70 | Medium |
| Monday, August 3, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 23:50 | JP | Monetary Base YoY | -13.7 | -13 | -13.00 | Low | |