Japan Q3 2025 Tankan Small Manufacturing Business Conditions Index: Survey Results Released

On July 1, 2025, the Bank of Japan released the Q3 2025 Tankan Small Manufacturing Business Conditions Index. The reported value was 1, unchanged from the previous reading of 1.Data Definition: Small enterprises are defined as those in wholesale trade with capital under JPY 100 million and fewer than 100 employees, and in manufacturing with capital under JPY 300 million and fewer than 300 employees. The Tankan Small Manufacturing Outlook Index measures survey-based sentiment regarding the business environment and economic growth prospects for Japanese small industrial firms in the coming quarter.This indicator is rated as low importance (level 1). The data is collected quarterly through surveys of approximately 10,000 companies nationwide. Respondents select among “favorable,” “somewhat unfavorable,” or “unfavorable.” The index is published quarterly, with the next release scheduled for October 2025.

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