The Bank of Japan quarterly Tankan Index of Sentiment at Large Manufacturers stood at 6 in the June quarter of 2016, the same as in the preceding quarter and beating market expectations of 4. Big companies plan to increase their capital expenditure by 6.2 percent for the current fiscal year ending in March 2017, following their plans to slash capital spending by 0.9 percent in the first three months of 2016. Among non-manufacturing big firms, the sentiment was recorded at 19, down from 22 in the preceding quarter. Business Confidence in Japan averaged 0.20 from 1983 until 2016, reaching an all time high of 53 in the second quarter of 1989 and a record low of -58 in the first quarter of 2009. Business Confidence in Japan is reported by the Bank of Japan. In Japan, the quarterly Tankan Index of Sentiment at Large Manufacturers covers about 1,200 companies with capital over 1 billion Yen. The survey is done by mail or e-mail and asks participants to evaluate current trends and conditions in the business place and their respective industries as well as their expected business activities for the next quarter and year. The indicator is calculated by subtracting the percentage share of enterprises responding on the negative side from the share giving positive assessments. The index varies on a scale of -100 to 100 such that a value above zero indicates business optimism, a value below zero pessimism and 0 indicates neutrality. This page provides – Japan Business Confidence – actual values, historical data, forecast, chart, statistics, economic calendar and news.