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Economy Watchers Survey close
# Revised Better / Worse Units: index
Impact Actual Forecast Previous Time Date
Med 50.90 51.80 00:00 5/10


Cabinet Office of Japan


An index that reflects consumer confidence and economic trends in Japan.



Why should I care?

The Economy Watchers Survey asks those who are employed in business cycle-sensitve sectors about their sentiment on the current and future economic conditions of the country. Therefore, traders regard it as a leading indicator of the economy's health and consumer confidence. A figure above 50 is usually bullish for the yen as it would indicate positive economic outlook while anything lower indicates pessimism.


The OlsenScale (SMQ)

The Olsen Scale quantifies the market activity according to the Scale of Market Quakes (SMQ).

Similar to the Richter scale which measures the release of seismic energy during an earthquake, the SMQ relates excessive pricing along various price and time scales to historical data by assigning a single number to it. On a constant basis, the scale therefore characterizes the state of the market.

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Released: May 10, 2012 0:00
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