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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Thomson Reuters IPSOS PCSI climbed to 39.75 in June 2026
FMPMonthlyReleased July 2026
Japan Thomson Reuters IPSOS PCSI climbed to 39.75 in June 2026, released July 2026, up 1.23 from May's 38.52 reading.
Latest Release
39.750000
Actual
—
Consensus
38.520000
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 | −0.60 | FOREX | Moves against | → View |
| XAU/USD | ▼ Inverse | −0.42 | COMMODITIES | Moves against | → View |
| Hang Seng | ▼ Inverse | −0.32 | INDEX | Moves against | → View |
| AUD/JPY | ▼ Inverse | −0.27 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Thomson Reuters IPSOS PCSI (Japan) was reported at 39.75 in July 2026. The reading rose from the previous value of 38.52. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 39.39, ranging from 35.21 to 42.42 across 11 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 38.70, down from the prior three at 41.71.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bearish USD). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU).
WHAT TO WATCH NEXT
The next release is scheduled for August 14, 2026. Same-country events in the next 14 days include CFTC JPY speculative net positions (Jul 31) and BoJ Monetary Policy Meeting Minutes (Aug 4).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Thomson Reuters IPSOS PCSI - JP
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About Thomson Reuters IPSOS PCSI — Japan
DEFINITION
Japan’s Thomson Reuters IPSOS PCSI rose to 39.75 in July from June’s 38.52, marking a steady increase. The index remains below the 50 threshold, indicating continued contraction but with a modest improvement month-over-month. Market participants will watch upcoming data for signs of sustained recovery amid cautious sentiment. Updated 7/11/26
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 (Jul 2026): actual 39.75. Prior reading (Jun 2026): 38.52. Before that (May 2026): 37.82.
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 USD/JPY (Bearish USD, r=-0.60) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - JP Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 05:00 | JP | Consumer Confidence | 34.9 | 33.8 | 34.2 | 34.55 | High |
| 23:30 | JP | Unemployment Rate | 2.5 | 2.5 | 2.5 | 2.50 | Medium |
| 23:30 | JP | Core CPI YoY | 1.9 | 1.6 | 1.7 | 1.80 | Low |
| 23:30 | JP | Jobs/applications ratio | 1.18 | 1.17 | 1.17 | 1.17 | Low |
| 23:30 | JP | CPI YoY | 2 | 1.9 | 2 | 2.00 | Low |
| 23:50 | JP | Retail Sales YoY | 0.5 | 5 | 3.1 | 1.80 | Medium |
| 23:50 | JP | Industrial Production MoM | 1.3 | 0.1 | 0.7 | 1.00 | Medium |
| 23:50 | JP | Retail Sales MoM | -4.1 | 1.7 | -0.5 | -2.30 | Low |
| 23:50 | JP | Industrial Production YoY | 4.2 | -2.1 | 1.8 | 3.00 | Low |
| 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 |