Japan Business Conditions DI
Diffusion indexes (DI) and cumulated diffusion indexes for the leading, coincident and lagging series of the Japanese business cycle, together with the composite indexes computed without outlier replacement.
| Indicator | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | 09-2025 | 08-2025 | 07-2025 | 06-2025 | 05-2025 | 04-2025 | 03-2025 | 02-2025 | 01-2025 | 12-2024 | 11-2024 | 10-2024 | 09-2024 | 08-2024 | 07-2024 | 06-2024 | 05-2024 | 04-2024 | 03-2024 | 02-2024 | 01-2024 | 12-2023 | 11-2023 | 10-2023 | 09-2023 | 08-2023 | 07-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Composite Index, leading (no outlier replacement) | 115.5 | 113.8 | 113.9 | 113.6 | 113.2 | 113.8 | 112.6 | 110.4 | 109.5 | 109.2 | 108 | 106.9 | 106 | 105.2 | 103.7 | 103.8 | 109.1 | 107.8 | 108.4 | 108.2 | 108.4 | 109.1 | 108.9 | 107.9 | 109.6 | 110.1 | 111.3 | 110.8 | 111.5 | 112 | 110.5 | 110.9 | 110.1 | 110 | 110.9 | 110.7 | 110 | |
| Composite Index, coincident (no outlier replacement) | 118.1 | 116.5 | 115.9 | 116 | 114.7 | 114.3 | 115.6 | 112.4 | 112.8 | 113.7 | 113 | 111.8 | 112.8 | 113.4 | 113.6 | 113.6 | 113.8 | 114.4 | 114 | 114.2 | 113.1 | 113.7 | 112 | 111.8 | 113.2 | 112.4 | 113.2 | 112.3 | 111.5 | 110.6 | 110.8 | 114.2 | 113.1 | 113.9 | 113.9 | 113.5 | 113.3 | |
| Composite Index, lagging (no outlier replacement) | 109.9 | 108.4 | 107.9 | 108.4 | 108.2 | 108.5 | 108.7 | 108.6 | 110 | 109.8 | 110 | 109.8 | 110.9 | 110.8 | 111.3 | 110.4 | 109.2 | 109.2 | 109.3 | 108 | 107.4 | 107.1 | 106.6 | 107.4 | 106.9 | 106.6 | 107.1 | 105.8 | 106.3 | 106.2 | 104.9 | 106.6 | 105.8 | 105.9 | 105.5 | 105.1 | 105 | |
| Diffusion Index, leading | 66.7 | 54.5 | 54.5 | 54.5 | 72.7 | 77.3 | 77.3 | 90.9 | 81.8 | 90.9 | 72.7 | 54.5 | 54.5 | 36.4 | 31.8 | 9.1 | 54.5 | 50 | 54.5 | 45.5 | 63.6 | 63.6 | 45.5 | 9.1 | 45.5 | 50 | 45.5 | 54.5 | 45.5 | 72.7 | 63.6 | 45.5 | 45.5 | 36.4 | 36.4 | 36.4 | 63.6 | |
| Diffusion Index, coincident | 93.8 | 75 | 70 | 55 | 80 | 65 | 80 | 35 | 80 | 70 | 40 | 10 | 40 | 50 | 25 | 25 | 35 | 50 | 40 | 75 | 70 | 70 | 50 | 25 | 55 | 50 | 80 | 60 | 10 | 25 | 20 | 55 | 25 | 65 | 55 | 30 | 35 | |
| Diffusion Index, lagging | 75 | 33.3 | 33.3 | 33.3 | 50 | 44.4 | 33.3 | 22.2 | 61.1 | 44.4 | 33.3 | 22.2 | 44.4 | 50 | 55.6 | 38.9 | 66.7 | 77.8 | 77.8 | 55.6 | 44.4 | 44.4 | 44.4 | 66.7 | 77.8 | 61.1 | 50 | 77.8 | 50 | 50 | 38.9 | 66.7 | 77.8 | 77.8 | 72.2 | 44.4 | 61.1 | |
| Cumulated Diffusion Index, leading | 1,402.2 | 1,385.5 | 1,381 | 1,376.5 | 1,372 | 1,349.3 | 1,322 | 1,294.7 | 1,253.8 | 1,222 | 1,181.1 | 1,158.4 | 1,153.9 | 1,149.4 | 1,163 | 1,181.2 | 1,222.1 | 1,217.6 | 1,217.6 | 1,213.1 | 1,217.6 | 1,204 | 1,190.4 | 1,194.9 | 1,235.8 | 1,240.3 | 1,240.3 | 1,244.8 | 1,240.3 | 1,244.8 | 1,222.1 | 1,208.5 | 1,213 | 1,217.5 | 1,231.1 | 1,244.7 | 1,258.3 | |
| Cumulated Diffusion Index, coincident | 3,308.8 | 3,265 | 3,240 | 3,220 | 3,215 | 3,185 | 3,170 | 3,140 | 3,155 | 3,125 | 3,105 | 3,115 | 3,155 | 3,165 | 3,165 | 3,190 | 3,215 | 3,230 | 3,230 | 3,240 | 3,215 | 3,195 | 3,175 | 3,175 | 3,200 | 3,195 | 3,195 | 3,165 | 3,155 | 3,195 | 3,220 | 3,250 | 3,245 | 3,270 | 3,255 | 3,250 | 3,270 | |
| Cumulated Diffusion Index, lagging | 3,098.7 | 3,073.7 | 3,090.4 | 3,107.1 | 3,123.8 | 3,123.8 | 3,129.4 | 3,146.1 | 3,173.9 | 3,162.8 | 3,168.4 | 3,185.1 | 3,212.9 | 3,218.5 | 3,218.5 | 3,212.9 | 3,224 | 3,207.3 | 3,179.5 | 3,151.7 | 3,146.1 | 3,151.7 | 3,157.3 | 3,162.9 | 3,146.2 | 3,118.4 | 3,107.3 | 3,107.3 | 3,079.5 | 3,079.5 | 3,079.5 | 3,090.6 | 3,073.9 | 3,046.1 | 3,018.3 | 2,996.1 | 3,001.7 |
Latest reading
Diffusion Index, coincident stood at 93.8% in Jul 2026. That is +18.8 pp from Jun 2026 and +53.8 pp from a year earlier. The series on this page is monthly and runs from Jan 1980 to Jul 2026. Source: Economic and Social Research Institute, Cabinet Office – Indexes of Business Conditions.
- Latest
- 93.8%
- Jul 2026
- vs previous period
- +18.8 pp
- Jun 2026
- vs a year earlier
- +53.8 pp
About this data
Diffusion indexes (DI) and cumulated diffusion indexes for the leading, coincident and lagging series of the Japanese business cycle, together with the composite indexes computed without outlier replacement. A diffusion index above 50 means more component series are expanding than contracting. Source: Indexes of Business Conditions, Economic and Social Research Institute, Cabinet Office.
