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60.4% of companies are working on work style reform

- “Introduction of satellite office and work from home,” and “Approval for second jobs”rank high for future initiatives - A “work style reform law” was enacted on April 1, 2019. This law will be applied to SMEs in some fields from April 2020, and the scope of its application will be expanded gradually. Companies are required to realize diverse and flexible work styles, ensure fair treatment, and also address elimination of labor shortage and productivity improvement. Therefor

60.4% of companies are working on work style reform

Economic DI worsened for the third month in a row, with sluggish year-end demand

～ Domestic economy has entered a recession phase, with manufacturing industry’s continuing downturn ～（Companies researched: 23,652; Valid responses: 10,292; Response rate: 43.5%; Survey start date: May 2002) Overview of December 2019: Recession phase The economic diffusion index (DI) in December 2019 was 42.5, down 1.1 points from the previous month, and worsened for the third consecutive month in a row. Domestic economy seems to have entered a recession phase, although the

Economic DI worsened for the third month
in a row, with sluggish year-end demand

44.1% of companies consider it should be implemented as scheduled, but antagonize those with negativ

- About half of companies responded, “There will be no last-minute demand.” - Although the consumption tax rate was supposed to be raised to 10% in October 2015 according to the Revised Consumption Tax Act of 2012, the consumption tax rate increase was postponed twice, in November 2014 and June 2016. Currently, the government says that the consumption tax rate will increase to 10% in October 2019. A reduced tax rate system will also be introduced upon this consumption tax rat

44.1% of companies consider it should be implemented as scheduled, but antagonize those with negativ

Domestic economy has worsened for seven months in a row

- While deterioration in manufacturing continues, last-minute demand appeared in part of the retail （Companies researched: 23,632; Valid responses: 9,977; Response rate: 42.2%; Survey start date: May 2002) Overview of May 2019: Possibility of entering a recession phase The economic diffusion index (DI) in June 2019 was 45.1, down 0.3 points from the previous month, and worsened for the seventh consecutive month. Stagnant exports and the cost burden remaining at a high level c

Domestic economy has worsened for seven months in a row

Domestic Economy may have entered a recession phase

- Negatively affected by the US-China trade conflict and the long holidays. （Companies researched: 23,169; Valid responses: 9,555; Response rate: 41.2%; Survey start date: May 2002) Overview of May 2019: Possibility of entering a recession phase The economic diffusion index (DI) in May 2019 was 45.4, down 1.4 points from the previous month, and worsened for the sixth consecutive month. Intensified US-China trade conflict coincides with emerging negative effects associated wit

Domestic Economy may have entered a recession phase

Economic DI worsened for five months in a row

- Due to the long holidays and election, as well as “construction” exerting downward pressure - （Companies researched: 23,174; Valid responses: 9,775; Response rate: 42.2%; Survey start date: May 2002) Overview of April 2019: Signs of entering a recession phase The economic diffusion index (DI) in April 2019 was 46.8, down 0.1 point from the previous month, and worsened for the fifth consecutive month. Cost increases against the backdrop of the long holidays, etc., and constr

Economic DI worsened for five months in a row

Manufacturing industry’s downturn continues mainly in machinery-related businesses

- Domestic economy has worsened for four months in a row （Companies researched: 23,181; Valid responses: 9,712; Response rate: 41.9%; Survey start date: May 2002) Overview of March 2019: Signs of entering a recession phase The economic diffusion index (DI) in March 2019 was 46.9, down 0.3 points from the previous month, and worsened for the fourth consecutive month. A downturn in the manufacturing industry and increased cost burden, etc., became the negative factors, and ther

Manufacturing industry’s downturn continues mainly in machinery-related businesses

Reasons for wage improvement, “stability of and securing the workforce” went up to the 80% range for

Domestic economy, signs of entering a recession phase

- Affected by a slowdown in exports to China, etc.,against the backdrop of US-China trade disputes - (Companies researched: 23,035; Valid responses: 9,856; Response rate: 42.8%; Survey start date: May 2002) Overview of January 2019: Signs of entering a recession phase The economic diffusion index (DI) in January 2019 was 48.1, down 1.3 points from the previous month, and worsened for the second consecutive month. In addition to a slowdown in exports to China, the climate’s

Domestic economy, signs of entering a recession phase

TPP11, 53.4% of companies saying “necessary for Japan”

Domestic economy continues on a weakening trend

Economic DI improved for the first time in four months

Domestic economy is weak and has worsened for three months in a row

Domestic economy worsened for two months in a row due to rising crude oil prices

- Retail industry significantly worsened because of weak consumer confidence. (Companies researched: 23,157 ; Valid responses: 10,001 ; Response rate: 43.2 %; Survey start date: May 2002) Overview of May 2018: Economy continues at a standstill The economic diffusion index (DI) in May 2018 was 49.4, down 0.4 points from the previous month, and worsened for two months in a row. The domestic economy remained at a standstill, due to an increased burden of costs for companies and

Domestic economy worsened for two months in a row
due to rising crude oil prices

Domestic economy continues at a standstill

- Economic diffusion index fell below 50 for the first time in six months - (Companies researched: 23, 118 ; Valid responses: 9,924 ; Response rate: 42.9 %; Survey start date: May 2002) Overview of April 2018 Economy continues at a standstill The economic diffusion index (DI) in April 2018 was 49.8, down 0.6 points from the previous month, and worsened for the first time in two months. The domestic economy remains at a standstill, with the DI falling below 50 due to decrease

Domestic economy continues at a standstill

Domestic economy is at a standstill

29.3% of companies anticipate “increase in income and profit” for 2018

Percentage of Companies Planning to Hire Full-time Employees Rises to 65.9%

- Surpasses Pre-Lehman Shock Levels - Amidst a worsening labor shortage, the effective ratio of job openings to applicants stands at 1.59 times, its highest level since January 1974, 43 years and 11 months ago. The job offer tentative acceptance rate for new graduates also increased to 86.0% (university graduates) as of December 2017, marking the 7th consecutive annual increase and the highest rate recorded since the survey began in 1996. Furthermore, debate has intensified i

Percentage of Companies Planning to Hire Full-time Employees Rises to 65.9%

Heavy snow and manpower shortage lead to stagnant corporate activities

Employees' salaries and bonuses in 2018 are estimated to increase by approximately 3.7 trillion

-Record high 56.5% of companies anticipate wage improvement- The economy in 2017 basically continued to grow, with over 20% of companies saying the economy in 2017 was in a “revival phase” for the first time in four years, and those who said “downturn phase” dropped to the single-digit level ("Survey of Corporate Attitudes towards Economic Outlook for 2018"). Attention has focused on the trends for wage improvement, such as tax reform set forth by the government, including t

Employees' salaries and bonuses in 2018 are estimated to increase by approximately 3.7 trillion

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