Business Survey Index (BSI) in Japan

Ministerio de Finanzas de Japon · Quarterly · Importance 2

-1.8 (Apr-26) ABS · puntos porcentuales · Mensual · CSV

Period	puntos porcentuales
Apr 2026	-1.8
Jan 2026	3.8
Oct 2025	4.7
Jul 2025	3.8
Apr 2025	-4.8
Jan 2025	-2.4
Oct 2024	6.3
Jul 2024	4.5
Apr 2024	-1.0
Jan 2024	-6.7
Oct 2023	5.7
Jul 2023	5.4
Apr 2023	-0.4
Jan 2023	-10.5
Oct 2022	-3.6
Jul 2022	1.7
Apr 2022	-9.9
Jan 2022	-7.6
Oct 2021	7.9
Jul 2021	7.0
Apr 2021	-1.4
Jan 2021	1.6
Oct 2020	21.6
Jul 2020	0.1
Apr 2020	-52.3
Jan 2020	-17.2
Oct 2019	-7.8
Jul 2019	-0.2
Apr 2019	-10.4
Jan 2019	-7.3
Oct 2018	5.5
Jul 2018	6.5
Apr 2018	-3.2
Jan 2018	2.9
Oct 2017	9.7
Jul 2017	9.4
Apr 2017	-2.9
Jan 2017	1.1
Oct 2016	7.5
Jul 2016	2.9
Apr 2016	-11.1
Jan 2016	-7.9
Oct 2015	3.8
Jul 2015	11.0
Apr 2015	-6.0
Jan 2015	2.4
Oct 2014	8.1
Jul 2014	12.7
Apr 2014	-13.9
Jan 2014	12.5
Oct 2013	9.7
Jul 2013	15.2
Apr 2013	5.0
Jan 2013	-4.6
Oct 2012	-10.3
Jul 2012	2.5
Apr 2012	-5.7
Jan 2012	-7.3
Oct 2011	-6.1
Jul 2011	10.3

Period	puntos porcentuales
Apr 2026	-0.50
Jan 2026	4.40
Oct 2025	4.90
Jul 2025	4.70
Apr 2025	-1.90
Jan 2025	2.00
Oct 2024	5.70
Jul 2024	5.10
Apr 2024	0.40
Jan 2024	-0.02
Oct 2023	4.80
Jul 2023	5.80
Apr 2023	2.70
Jan 2023	-3.00
Oct 2022	0.70
Jul 2022	0.40
Apr 2022	-0.90
Jan 2022	-7.50
Oct 2021	9.60
Jul 2021	3.30
Apr 2021	-4.70
Jan 2021	-4.50
Oct 2020	11.60
Jul 2020	2.00
Apr 2020	-47.60
Jan 2020	-10.10
Oct 2019	-6.20
Jul 2019	1.10
Apr 2019	-3.70
Jan 2019	-1.70
Oct 2018	4.30
Jul 2018	3.80
Apr 2018	-2.00
Jan 2018	3.30
Oct 2017	6.20
Jul 2017	5.10
Apr 2017	-2.00
Jan 2017	1.30
Oct 2016	3.00
Jul 2016	1.90
Apr 2016	-7.90
Jan 2016	-3.20
Oct 2015	4.60
Jul 2015	9.60
Apr 2015	-1.20
Jan 2015	1.90
Oct 2014	5.00
Jul 2014	11.10
Apr 2014	-14.60
Jan 2014	12.70
Oct 2013	8.30
Jul 2013	12.00
Apr 2013	5.90
Jan 2013	1.00
Oct 2012	-5.50
Jul 2012	2.20
Apr 2012	-3.10
Jan 2012	-2.70
Oct 2011	-2.50
Jul 2011	6.60

Period	puntos porcentuales
Apr 2026	0.0
Jan 2026	4.6
Oct 2025	5.1
Jul 2025	5.2
Apr 2025	-0.5
Jan 2025	4.1
Oct 2024	5.4
Jul 2024	5.4
Apr 2024	1.1
Jan 2024	3.2
Oct 2023	4.4
Jul 2023	6.0
Apr 2023	4.1
Jan 2023	0.6
Oct 2022	2.7
Jul 2022	-0.2
Apr 2022	3.4
Jan 2022	-7.4
Oct 2021	10.4
Jul 2021	1.5
Apr 2021	-6.2
Jan 2021	-7.4
Oct 2020	6.7
Jul 2020	2.9
Apr 2020	-45.3
Jan 2020	-6.6
Oct 2019	-5.3
Jul 2019	1.8
Apr 2019	-0.4
Jan 2019	1.0
Oct 2018	3.7
Jul 2018	2.4
Apr 2018	-1.4
Jan 2018	3.4
Oct 2017	4.5
Jul 2017	2.9
Apr 2017	-1.6
Jan 2017	1.5
Oct 2016	0.7
Jul 2016	1.4
Apr 2016	-6.3
Jan 2016	-0.7
Oct 2015	5.0
Jul 2015	8.9
Apr 2015	1.3
Jan 2015	1.7
Oct 2014	3.4
Jul 2014	10.2
Apr 2014	-15.0
Jan 2014	12.8
Oct 2013	7.5
Jul 2013	10.4
Apr 2013	6.4
Jan 2013	4.0
Oct 2012	-2.9
Jul 2012	2.0
Apr 2012	-1.6
Jan 2012	-0.1
Oct 2011	-0.5
Jul 2011	4.6

About this indicator

Source	Ministry of Finance (MOF) & Cabinet Office
Frequency	Quarterly
Release	Alrededor de una semana antes del fin del primer mes del trimestre (08:50 JST)
What it is	A quarterly Business Outlook Survey for Japan. The Business Survey Index (BSI) measures the balance between firms that judge conditions to be improving and those that judge them to be worsening relative to the previous quarter. The market headline is the reading for LARGE MANUFACTURING firms.
How it's calculated	BSI = (share of firms reporting 'better') minus (share reporting 'worse'), in percentage points, for the judgement on the current quarter. It is a joint survey by the Ministry of Finance (MOF) and the Cabinet Office covering large, medium and small firms.
Market implications	It foreshadows the tone of the Bank of Japan's Tankan and the business investment cycle; a negative BSI means firms sensing deterioration outnumber those sensing improvement. It can shape expectations for monetary policy and the yen, though its market impact is smaller than the Tankan's.
Limitations	A smaller and less closely followed sample than the BoJ's Tankan; it reflects perceptions rather than actual activity, and like any diffusion survey it can overstate swings in sentiment without matching moves in the real economy.