BSI Large Manufacturing Conditions Index (QoQ)

The Business Survey Index (BSI) Large Manufacturing released by the Ministry of Finance studies business authorities' assessments of and forecasts for the economy to seize information for keeping track of economic trends. The BSI is the percentage of firms that say domestic economic conditions are rising compared with the previous quarter, minus the percentage of firms that say domestic economic conditions are declining compared with the previous quarter. Normally, a high reading is seen as positive (or bullish) for the JPY, while a low reading is seen as negative (or bearish).