Private think tanks forecast that the DI for large manufacturers will improve to +26 in the September Tankan survey, which the Bank of Japan will release on 1 October. The outlook for 3 months ahead is +23, while the DI for non-manufacturers is expected to be +36, with the outlook at +31.
Kyodo News reported on the 25th that it had compiled forecasts from 13 private think tanks for the Bank of Japan's September Tankan, its Short-Term Economic Survey of Enterprises. The average forecast for the DI, or business conditions index, for large manufacturers, the most closely watched measure, is expected to rise 4 points from the previous survey in June to +26. The outlook for 3 months ahead is projected to rise 6 points to +23.
Meanwhile, the average forecast for the DI for large non-manufacturers is 36, down 1 point, while the outlook is expected to rise 3 points to 31. The forecasts suggest that manufacturing sentiment will be supported by higher demand resulting from the expansion of AI, while continued high crude oil prices are also cited as a factor.
Ahead of the Bank of Japan's release of the Tankan, the article presents a range of private think-tank forecasts as a reference for monitoring the future course of business sentiment.