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Ministry of Finance Japan

Policy Research Institute

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Business Outlook Survey

(April-June 2010)

Jun 14 , 2010

1.Business conditions

Businesssurvey index
(Difference of "up"-"down" compared with previous quarter)

(%)

Jan.-Mar.
2010
(previous)

Apr.-Jun.
2010
(present)

Jul.-Sep.
2010
(outlook)

Oct.-Dec.
2010
(outlook)

Corporationswith capital of 1 billion yen or over
Allindustries -2.4 4.0 10.1 9.3
Manufacturing 4.3 10.0 13.8 12.7 Non-manufacturing -6.3 0.9 8.2 7.5 Corporationswith capital of 100 million to 1 billion yen Allindustries -13.3 -8.1 1.8 4.0 Manufacturing -7.7 -0.8 10.5 10.9 Non-manufacturing -15.0 -10.4 -0.8 1.9 Corporationswith capital of 10 to 100 million yen Allindustries -31.8 -32.0 -16.8 -11.0 Manufacturing -30.7 -22.9 -11.8 -7.2 Non-manufacturing -32.1 -33.8 -17.8 -11.7

 

2.Domestic economic conditions

Businesssurvey index
(Difference of "up"-"down" compared with previous quarter)

(%)

Jan.-Mar.
2010
(previous)

Apr.-Jun.
2010
(present)

Jul.-Sep.
2010
(outlook)

Oct.-Dec.
2010
(outlook)

Corporationswith capital of 1 billion yen or over Allindustries -5.8 9.5 8.5 10.0 Manufacturing 1.6 16.3 10.8 10.6 Non-manufacturing -10.2 5.9 7.3 9.7 Corporationswith capital of 100 million to 1 billion yen Allindustries -17.9 -0.8 2.4 8.3 Manufacturing -11.5 5.0 9.5 11.7 Non-manufacturing -20.0 -2.5 0.3 7.3 Corporationswith capital of 10 to 100 million yen Allindustries -38.7 -31.3 -19.5 -11.7 Manufacturing -30.9 -20.2 -11.6 -4.9 Non-manufacturing -40.3 -33.6 -21.1 -13.1

 

3.Sales(compared with the previous year)

(%)

FY 2010

1st half

FY 2010

2nd half

FY 2010

Allindustries 3.2 4.3 2.2
Manufacturing 6.6 10.4 3.2
Non-manufacturing 1.9 2.0 1.8

 

4.Ordinary profits (compared with the previous year)

(%)

FY 2010

1st half

FY 2010

2nd half

FY 2010

All industries 30.6 47.8 19.1
Manufacturing 65.2 283.1 15.3 Non-manufacturing 20.7 20.7 20.7

5.Investment in plant andequipment (compared with the previous year)

(%)

FY 2010

1st half

FY 2010

2nd half

FY 2010

Allindustries 9.2 15.9 3.2
Manufacturing 12.5 23.4 2.0
Non-manufacturing 7.5 11.7 3.8

 

6.Employment

Businesssurvey index
(Difference of "insufficient"-"excessive" )

(%)

Jan.-Mar.
2010
(previous)

Apr.-Jun.
2010
(present)

Jul.-Sep.

2010
(outlook)

Oct.-Dec.
2010
(outlook)

Corporationswith capital of 1 billion yen or over
Allindustries -4.2 -1.9 -1.1 0.8
Manufacturing -9.8 -4.9 -4.4 -2.7
Non-manufacturing -1.0 -0.3 0.6 2.6
Corporationswith capital of 100 million to 1 billion yen
Allindustries -2.7 -0.3 -0.5 2.0
Manufacturing -11.4 -5.2 -5.6 -3.9
Non-manufacturing 0.1 1.2 1.1 3.8
Corporationswith capital of 10 to 100 million yen
Allindustries -2.5 -6.1 -3.6 -0.7
Manufacturing -6.8 -11.2 -7.1 -5.4
Non-manufacturing -1.6 -5.0 -2.8 0.3

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Policy Research Institute, Ministry of Finance

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