The economy watcher’s index is dropping rapidly and so is the future index. Each of them is at a relative low point in its five year range in the low 40^th percentile of it. The weakness in these survey indexes is set in the table against the NTC survey of manufacturing sentiment. MFG sentiment is even weaker, residing in the bottom 15 percentile of its range. Clearly Japan is having some difficulty with growth. Both the anecdotal economy watchers survey and the more grounded NTC survey of manufacturers show fading growth and very low current activity readings.