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Economic Surprises › Japan

Japan Economic Surprise Index

-0.5 ▬ vs 1w ago (-1.1)
Japan economic data has been roughly in line with expectations. Over the past 90 days, releases have been close to analyst estimates with no strong directional bias.
Current Score
-0.5
1 Week Ago
-1.1
Releases (90d)
162
Top Beats
5
Top Misses
5
Surprise Index — 3 Year Weekly Trend with Nikkei 225 Overlay
G7 Comparison — Economic Surprise Index
▲ Top Positive Surprises
▼ Top Negative Surprises
All Releases — 90 Day Window (162 events)
Date Event Actual Estimate Surprise Z Impact Contribution
2026-10-23 S&P Global Services PMI 52.0 51.3 +1.303 Medium +59.42
2026-10-20 Balance of Trade -536.6 -181.0 -0.793 High -50.57
2026-10-23 S&P Global Manufacturing PMI 53.3 54.5 -1.075 Medium -49.00
2026-08-31 Capital Expenditure YoY 1.6 0.2 +3.512 Medium +47.05
2026-10-20 Adjusted Trade Balance -0.7 -0.26 -1.070 Medium -45.51
2026-10-15 Capacity Utilization -4.2 0.2 -2.086 Low -39.52
2026-10-01 Unemployment Rate 2.5 2.4 -0.977 Medium -26.80
2026-10-12 Producer Price Index MoM -0.3 0.5 +1.280 Low +22.62
2026-10-05 S&P Global Services PMI 52.3 51.6 +1.296 Low +19.49
2026-10-23 S&P Global Composite PMI 52.3 51.9 +0.751 Low +17.12
2026-08-09 Current Account -923.0 1512.0 -1.749 Medium -14.10
2026-08-16 GDP Capital Expenditure QoQ -1.2 0.4 -2.554 Low -12.10
2026-10-22 Inflation Rate MoM 0.0 0.4 +0.524 Low +11.68
2026-08-27 Unemployment Rate 2.4 2.5 +0.938 Medium +11.46
2026-09-14 Industrial Production MoM -0.2 0.1 -1.081 Low -10.01
2026-10-07 Current Account 4062.0 3194.6 +0.295 Medium +9.29
2026-10-22 Inflation Rate Ex-Food and Energy YoY 2.4 2.0 -0.386 Low -8.61
2026-08-20 Inflation Rate MoM 0.4 0.1 -1.573 Low -8.17
2026-10-22 Inflation Rate YoY 2.1 2.3 +0.118 High +7.88
2026-08-25 Coincident Indicator MoM 0.6 0.3 +1.273 Low +7.42
2026-09-01 Consumer Confidence 35.5 35.0 +0.346 High +7.11
2026-10-08 Household Spending MoM 0.1 0.5 -0.211 Medium -6.80
2026-08-17 Capacity Utilization 4.1 0.3 +1.201 Low +5.82
2026-10-20 Exports YoY 16.7 20.1 -0.135 Medium -5.72
2026-09-17 Core Inflation Rate YoY 1.7 1.8 +0.277 Medium +5.51
2026-08-30 Industrial Production MoM 0.1 -0.6 +0.420 Medium +5.50
2026-08-06 Household Spending YoY -3.3 1.0 -0.697 Medium -5.24
2026-09-29 CB Leading Index 117.7 117.9 -0.398 Low -5.21
2026-08-16 GDP Growth Rate QoQ 0.3 0.5 -0.361 High -5.14
2026-10-14 Machinery Orders MoM 5.2 3.0 +0.130 Medium +4.81
2026-07-30 Consumer Confidence 34.9 34.2 +0.495 High +4.75
2026-09-30 Tankan Small Manufacturers Index 14.0 11.0 +0.329 Low +4.41
2026-07-30 Retail Sales YoY 0.5 3.1 -0.687 Medium -4.39
2026-08-27 Jobs/applications ratio 1.18 1.19 -0.668 Low -4.08
2026-09-29 Retail Sales YoY 2.7 3.3 -0.149 Medium -3.90
2026-09-17 Inflation Rate YoY 1.9 2.1 +0.129 High +3.85
2026-10-19 Tertiary Industry Index MoM -0.1 -0.4 +0.185 Low +3.84
2026-08-16 Gross Domestic Product YoY 1.1 2.0 -0.402 Medium -3.81
2026-10-06 Overtime Pay YoY 5.2 3.3 +0.241 Low +3.70
2026-08-19 Adjusted Trade Balance -0.69 -0.44 -0.359 Medium -3.65
2026-08-30 Retail Sales YoY 4.0 3.0 +0.273 Medium +3.57
2026-09-10 BSI Large Manufacturing QoQ 7.6 2.5 +0.417 Low +3.52
2026-08-16 GDP External Demand QoQ 0.5 0.3 +0.712 Low +3.37
2026-07-30 Retail Sales MoM -4.1 -0.5 -1.018 Low -3.26
2026-08-16 GDP Private Consumption QoQ 0.0 0.5 -0.663 Low -3.14
2026-10-05 Consumer Confidence 35.4 35.3 +0.069 High +3.09
2026-09-03 Household Spending MoM 0.5 2.6 -0.213 Medium -3.06
2026-08-31 Construction Orders YoY -13.4 5.0 -0.434 Low -2.91
2026-09-03 Household Spending YoY -3.6 -1.6 -0.203 Medium -2.91
2026-09-07 GDP Growth Annualized 1.4 1.1 +0.185 Medium +2.91
2026-08-16 GDP Growth Annualized 1.1 2.0 -0.305 Medium -2.89
2026-08-12 Producer Price Index MoM 0.1 0.6 +0.667 Low +2.88
2026-10-15 Industrial Production MoM -2.4 -1.7 -0.148 Low -2.81
2026-10-12 Bank Lending YoY 5.3 5.5 -0.156 Low -2.76
2026-09-08 Reuters Tankan Index 21.0 15.0 +0.338 Low +2.72
2026-09-30 Tankan Large Manufacturers Index 24.0 25.0 -0.067 High -2.69
2026-09-17 Inflation Rate MoM 0.1 0.2 +0.262 Low +2.60
2026-08-20 Inflation Rate YoY 1.9 1.7 -0.160 High -2.49
2026-08-27 CPI YoY 1.9 2.0 +0.392 Low +2.39
2026-08-16 Gross Domestic Product QoQ 0.5 0.3 +0.484 Low +2.29
2026-07-30 Jobs/applications ratio 1.18 1.17 +0.680 Low +2.17
2026-08-06 Household Spending MoM -6.4 -3.1 -0.281 Medium -2.11
2026-07-30 Industrial Production MoM 1.3 0.7 +0.309 Medium +1.98
2026-09-30 Tankan Large Manufacturing Outlook 21.0 22.0 -0.147 Low -1.97
2026-07-30 Industrial Production YoY 4.2 1.8 +0.607 Low +1.94
2026-09-15 Adjusted Trade Balance -0.84 -1.0 +0.101 Medium +1.92
2026-07-30 Core Inflation Rate YoY 1.9 1.7 -0.588 Low -1.88
2026-08-27 Core Inflation Rate YoY 1.8 1.7 -0.294 Low -1.79
2026-10-15 Industrial Production YoY 2.7 3.4 -0.094 Low -1.78
2026-10-26 Coincident Indicator MoM -1.8 -1.9 +0.067 Low +1.64
2026-09-30 Tankan Large Non-Manufacturing Index 35.0 36.0 -0.116 Low -1.56
2026-08-19 Exports YoY 23.2 19.9 +0.132 Medium +1.34
2026-09-03 S&P Global Composite PMI 53.5 53.4 +0.183 Low +1.31
2026-10-14 Machinery Orders YoY 18.6 15.7 +0.035 Medium +1.29
2026-09-03 S&P Global Services PMI 53.5 53.4 +0.179 Low +1.28
2026-09-08 Eco Watchers Survey Outlook 48.3 46.1 +0.155 Low +1.25
2026-08-07 Coincident Indicator MoM 0.3 0.4 -0.318 Low -1.22
2026-09-01 Monetary Base YoY -15.7 -13.5 -0.177 Low -1.22
2026-09-14 Capacity Utilization 0.5 -1.3 +0.131 Low +1.22
2026-09-01 S&P Global Manufacturing PMI 54.9 55.1 -0.177 Low -1.21
2026-08-20 Inflation Rate Ex-Food and Energy YoY 1.9 1.7 -0.227 Low -1.18
2026-08-25 CB Leading Index 116.5 116.4 +0.202 Low +1.18
2026-09-29 Leading Index MoM 1.5 1.7 -0.090 Low -1.17
2026-09-09 Machine Tool Orders YoY 64.7 43.0 +0.140 Low +1.15
2026-09-30 Construction Orders YoY -3.6 -12.0 +0.083 Low +1.11
2026-08-30 Industrial Production YoY 4.1 3.0 +0.167 Low +1.09
2026-09-15 Machinery Orders MoM -3.7 -2.8 -0.057 Medium -1.08
2026-08-18 Machinery Orders YoY 16.9 10.8 +0.107 Medium +1.06
2026-09-07 Average Cash Earnings YoY 4.7 3.9 +0.133 Low +1.05
2026-10-26 Coincident Index 118.8 118.7 +0.042 Low +1.03
2026-08-11 Reuters Tankan Index 18.0 14.0 +0.241 Low +1.02
2026-10-01 Monetary Base YoY -15.2 -16.3 +0.073 Low +1.01
2026-08-16 GDP Price Index YoY 2.6 2.4 -0.211 Low -1.00
2026-08-17 Tertiary Industry Index MoM -0.2 -1.0 +0.197 Low +0.96
2026-09-15 Machinery Orders YoY 11.2 15.3 -0.051 Medium -0.96
2026-08-09 Bank Lending YoY 5.4 5.7 -0.226 Low -0.91
2026-09-15 Exports YoY 19.3 18.2 +0.048 Medium +0.91
2026-07-30 Core CPI YoY 1.9 1.7 -0.280 Low -0.90
2026-08-10 Eco Watchers Survey Current 45.7 44.4 +0.215 Low +0.89
2026-08-27 Core CPI YoY 1.8 1.7 -0.140 Low -0.86
2026-08-17 Industrial Production MoM 1.9 1.3 +0.166 Low +0.81
2026-09-15 Tertiary Industry Index MoM 0.4 0.3 +0.082 Low +0.78
2026-08-07 CB Leading Index 116.4 116.5 -0.201 Low -0.77
2026-08-25 Coincident Index 118.5 118.2 +0.127 Low +0.74
2026-10-08 Household Spending YoY -3.1 -3.6 +0.023 Medium +0.73
2026-09-07 Current Account 2989.0 2870.0 +0.045 Medium +0.71
2026-09-07 Overtime Pay YoY 3.1 3.9 -0.086 Low -0.68
2026-10-08 Eco Watchers Survey Outlook 47.4 48.0 -0.041 Low -0.66
2026-09-07 GDP Capital Expenditure QoQ -0.9 -0.8 -0.080 Low -0.63
2026-09-07 Bank Lending YoY 5.4 5.5 -0.078 Low -0.61
2026-09-15 Balance of Trade -1105.6 -1052.6 -0.020 High -0.58
2026-09-10 Producer Price Index YoY 7.6 7.4 -0.068 Low -0.57
2026-10-06 Reuters Tankan Index 22.0 23.0 -0.037 Low -0.56
2026-07-31 Construction Orders YoY 2.3 -7.0 +0.157 Low +0.51
2026-10-08 Eco Watchers Survey Current 47.0 46.8 +0.031 Low +0.51
2026-10-20 Imports YoY 18.9 19.6 -0.022 Low -0.46
2026-09-30 Housing Starts YoY 6.1 7.0 -0.017 Medium -0.45
2026-08-18 Machinery Orders MoM 9.7 7.8 +0.043 Medium +0.43
2026-08-19 Balance of Trade -634.5 -680.0 +0.027 High +0.41
2026-08-27 Inflation Rate YoY 1.9 2.0 +0.068 Low +0.41
2026-07-31 Housing Starts YoY 18.6 12.8 +0.060 Medium +0.39
2026-08-17 Industrial Production YoY 4.9 4.2 +0.076 Low +0.37
2026-09-15 Imports YoY 28.0 26.3 +0.039 Low +0.37
2026-09-29 Retail Sales MoM -1.2 -1.0 -0.028 Low -0.37
2026-08-25 Leading Economic Index 116.5 116.4 +0.061 Low +0.36
2026-09-30 Tankan Large All Industry Capex 11.3 12.3 -0.023 Low -0.31
2026-08-12 Producer Price Index YoY 7.2 7.4 +0.068 Low +0.29
2026-10-06 Average Cash Earnings YoY 3.8 3.7 +0.018 Low +0.27
2026-08-03 Monetary Base YoY -13.8 -13.0 -0.067 Low -0.24
2026-08-07 Leading Economic Index 116.4 116.5 -0.061 Low -0.24
2026-08-12 Machine Tool Orders YoY 50.4 42.0 +0.055 Low +0.24
2026-08-30 Retail Sales MoM 2.4 3.1 -0.032 Low -0.21
2026-09-14 Industrial Production YoY 3.9 4.1 -0.022 Low -0.21
2026-08-04 Overtime Pay YoY 2.8 3.1 -0.040 Low -0.15
2026-08-19 Imports YoY 27.8 26.5 +0.030 Low +0.15
2026-09-08 Eco Watchers Survey Current 46.4 46.3 +0.016 Low +0.13
2026-08-31 Housing Starts YoY 8.2 7.9 +0.005 Medium +0.07
2026-08-10 Eco Watchers Survey Outlook 45.8 46.0 -0.014 Low -0.06
2026-10-09 Machine Tool Orders YoY 60.4 61.0 -0.003 Low -0.04
2026-07-30 CPI YoY 2.0 2.0 -0.000 Low -0.00
2026-07-30 Inflation Rate YoY 2.0 2.0 -0.000 Low -0.00
2026-07-30 Unemployment Rate 2.5 2.5 -0.000 Medium -0.00
2026-07-31 BoJ Interest Rate Decision 1.0 1.0 +0.000 High +0.00
2026-08-04 Average Cash Earnings YoY 3.4 3.4 +0.000 Low +0.00
2026-08-07 Coincident Index 118.2 118.2 +0.000 Low +0.00
2026-08-20 Core CPI YoY 1.8 1.8 -0.000 Medium -0.00
2026-08-20 Core Inflation Rate YoY 1.8 1.8 -0.000 Medium -0.00
2026-09-07 Gross Domestic Product QoQ 0.5 0.5 +0.000 Low +0.00
2026-09-07 GDP Growth Rate QoQ 0.4 0.4 +0.000 Medium +0.00
2026-09-07 GDP Price Index YoY 2.6 2.6 -0.000 Low -0.00
2026-09-07 GDP External Demand QoQ 0.5 0.5 +0.000 Low +0.00
2026-09-17 Inflation Rate Ex-Food and Energy YoY 1.9 1.9 -0.000 Low -0.00
2026-09-18 BoJ Interest Rate Decision 1.25 1.25 +0.000 High +0.00
2026-09-29 Coincident Index 120.6 120.6 +0.000 Low +0.00
2026-09-29 Coincident Indicator MoM 1.7 1.7 +0.000 Low +0.00
2026-09-30 Tankan Non-Manufacturing Outlook 30.0 30.0 +0.000 Low +0.00
2026-10-01 S&P Global Manufacturing PMI 54.1 54.1 +0.000 Low +0.00
2026-10-01 Jobs/applications ratio 1.18 1.18 +0.000 Low +0.00
2026-10-22 Core Inflation Rate YoY 2.1 2.1 -0.000 Medium -0.00
2026-10-26 CB Leading Index 118.0 118.0 +0.000 Low +0.00
2026-10-26 Leading Index MoM 0.4 0.4 +0.000 Low +0.00
2026-10-26 Producer Price Index YoY 3.7 3.7 -0.000 Low -0.00

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms