dollar (right scale)  100  130  80  20  115 110  50  105  10  0  "Favorable"  -5  Nonmanufacturing (large enterprises) Nonmanufacturing (small enterprises)  -10  40 100  94  -15  30 90 CY12  15  5  60  98  DI ("favorable"-"unfavorable"), % points  25  70 102  30  125 120  90  106  Business Conditions DI (Nonmanufacturing Sector)  13  14  15  16  17  18  19  20 CY14  95 15  16  17  Sources: Ministry of Finance; Bank of Japan; Ministry of Economy, Trade and Industry; Bloomberg.
18  19  -20 CY12  "Unfavorable"  13  14  15  16  17  18  19  4  Chart 5  I. Economic Developments  BOJ's Forecasts of Real GDP (April 2019 Outlook Report) 560  s.a., ann., tril.