BSI Large Manufacturing Conditions shows how major Japanese manufacturers evaluate the business environment. The indicator is calculated monthly based on the survey of managers of industrial companies possessing the corporate capital not less than 1 billion yen.
The indicator defines the sentiments in the Japanese manufacturing industry and the general state of the country's economy. It allows forecasting the movement of the Tankan Large Manufacturers index released a week later.
Readings above the forecast are seen as positive for the JPY.