Japan October Economy Watchers Outlook Index: A Bullish Signal for the Yen

On October 8, 2025, Japan’s Cabinet Office released the October Economy Watchers Outlook Index. The actual reading stood at 48.5, with no consensus forecast provided; the previous value was also 48.5.Definition: This survey targets individuals such as taxi drivers and staff at hotels and restaurants, compiling an index based on their responses. These respondents are considered closely attuned to consumer and retail trends. The Cabinet Office has published this data since August 2001. Market Impact: An actual figure above expectations is regarded as positive for the yen.This indicator carries a medium level of importance (level 2). The methodology involves surveying workers whose roles provide clear insight into consumer spending trends. The data is released monthly, with the next publication scheduled for the following month.

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