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Japan Tankan Business Conditions DI

Bank of Japan Tankan survey diffusion index of favourable minus unfavourable business conditions, by enterprise size and industry, actual results and forecasts for the next quarter. 328 series.

Source: Bank of Japan – Time-Series Data SearchLast updated: Sep 22, 2026, 13:49Curated by Bui Thanh PhucAbout this data ↓

IndicatorQ3-2026Q2-2026Q1-2026Q4-2025Q3-2025Q2-2025Q1-2025Q4-2024Q3-2024Q2-2024Q1-2024Q4-2023Q3-2023
All Enterprises82
All industries / Actual result181817151515151412121310
All industries / Forecast111111109101011109887
Manufacturing / Actual result141211777855450
Manufacturing / Forecast7785445664222
Textiles / Actual result-8-11-4-4-10-13-6-10-8-7-5-14
Textiles / Forecast-18-15-7-10-14-10-7-9-12-10-12-15-16
Lumber & Wood products / Actual result-5-42-5-5-7-9-13-5-13-2-8
Lumber & Wood products / Forecast-15-41-9-9-11-11-16-9-20-13-12-13
Pulp & Paper / Actual result1236393725-10-6
Pulp & Paper / Forecast167781183385-12
Chemicals / Actual result2418211813121511930-4
Chemicals / Forecast1013201410121312104-221
Petroleum & Coal products / Actual result814153060-1103110
Petroleum & Coal products / Forecast-5-231-8-7-6-4-42-21-1
Ceramics, Stone & Clay / Actual result1017131011131361081-6
Ceramics, Stone & Clay / Forecast981191079898211
Iron & Steel / Actual result-4-10-11-16-16-12-14-15-12-941
Iron & Steel / Forecast-6-7-13-15-17-19-16-13-8-9-2-14
Nonferrous metals / Actual result25161389953-217-4
Nonferrous metals / Forecast1491510097241-1
Food & Beverages / Actual result668576814161387
Food & Beverages / Forecast-1355788121011560
Processed metals / Actual result712954532255-3
Processed metals / Forecast3242-5-2-11263-12
General-purpose, Production & Business oriented machinery / Actual result2422161613161613111286
General-purpose, Production & Business oriented machinery / Forecast201611108101391186912
General-purpose machinery / Actual result31302726222424181820137
General-purpose machinery / Forecast221822181416171014139810
Production machinery / Actual result181586391163753
Production machinery / Forecast141141016562369
Business oriented machinery / Actual result282719212122182022121212
Business oriented machinery / Forecast30201615171720172013101618
Electrical machinery / Actual result2017131081076-2-3-3-7
Electrical machinery / Forecast2115105877631-2-43
Transportation machinery / Actual result252623181615151310102011
Transportation machinery / Forecast2118181513111317151117118
Shipbuilding, Heavy machinery & Other transportation machinery / Actual result39363433282223191716129
Shipbuilding, Heavy machinery & Other transportation machinery / Forecast3229333228222223221713109
Motor vehicles / Actual result151814881098642612
Motor vehicles / Forecast128621471110719117
Other manufacturing / Actual result634-332432140
Other manufacturing / Forecast-5210030432440
Basic materials / Actual result9683223-10-21-5
Basic materials / Forecast0241-2-1101-2-3-3-2
Processing / Actual result171713109101098673
Processing / Forecast121196678986656
Nonmanufacturing / Actual result212121212121202019181816
Nonmanufacturing / Forecast14131615151514151313121110
Construction / Actual result222626242221232017171515
Construction / Forecast1316201717161514121110108
Real estate, Goods rental & Leasing / Actual result323534333432313028282724
Real estate, Goods rental & Leasing / Forecast22232323222022232222181815
Real estate / Actual result313433333232292827262520
Real estate / Forecast23242623211922221920161411
Goods rental & Leasing / Actual result353635343631353330293130
Goods rental & Leasing / Forecast22202023232224242625212422
Wholesaling & Retailing / Actual result161312131416121413151715
Wholesaling & Retailing / Forecast76787879791088
Wholesaling / Actual result121112121216131414151614
Wholesaling / Forecast4346576889968
Retailing / Actual result201313121516121512151716
Retailing / Forecast121011129119127812117
Transport & Postal activities / Actual result2019191818191914141075
Transport & Postal activities / Forecast1110161213131411106346
Information communication / Actual result232925242426242222221915
Information communication / Forecast17182019192118181817151114
Communications / Actual result374536353741302631213325
Communications / Forecast31323033303525202322242525
Information services / Actual result384441423940413940413731
Information services / Forecast31323636333734343736312829
Other Information communication / Actual result151-12432-1-2-7-8
Other Information communication / Forecast-4-10-5-2-1-3-1-7-6-7-13-8
Electric & Gas utilities / Actual result9141516131512141391213
Electric & Gas utilities / Forecast7511131111512885116
Services for businesses / Actual result272826262426232525222223
Services for businesses / Forecast19211919171718211819171714
Services for individuals / Actual result162118192019181521201913
Services for individuals / Forecast11181615131313141519161414
Accomodations, Eating & Drinking services / Actual result251624192322302824303131
Accomodations, Eating & Drinking services / Forecast14121220201617222129202322
Mining & Quarrying of stone and gravel / Actual result13261981610141915101911
Mining & Quarrying of stone and gravel / Forecast1114188124670915100
Large Enterprises82
All industries / Actual result292724242323232322222117
All industries / Forecast23212121202020212019161614
Manufacturing / Actual result22171514131214131311129
Manufacturing / Forecast171415121212131414108109
Textiles / Actual result8-544002323221133
Textiles / Forecast13423111515231522191899
Lumber & Wood products / Actual result700-800-701515614
Lumber & Wood products / Forecast70-150-7-7-7-15-8-23-13-130
Pulp & Paper / Actual result404434262918251811430
Pulp & Paper / Forecast2424232625182114114-7-30
Chemicals / Actual result201422151413211510223
Chemicals / Forecast1115221311151719138062
Petroleum & Coal products / Actual result9183309017-91791414
Petroleum & Coal products / Forecast362725258017171781327-6
Ceramics, Stone & Clay / Actual result112520301715222535292116
Ceramics, Stone & Clay / Forecast19112028241820153032182421
Iron & Steel / Actual result-6-15-11-14-3-18-8-50162318
Iron & Steel / Forecast-3-18-11-14-6-17008051618
Nonferrous metals / Actual result3623416161512126612-3
Nonferrous metals / Forecast371571310661293660
Food & Beverages / Actual result999688101521241716
Food & Beverages / Forecast1679486151112680
Processed metals / Actual result111680-33611300-17
Processed metals / Forecast01193-6-6613960-5-3
General-purpose, Production & Business oriented machinery / Actual result332619212021241719191917
General-purpose, Production & Business oriented machinery / Forecast33242120191818182019152021
General-purpose machinery / Actual result383427272327292327232111
General-purpose machinery / Forecast31272925231921182922161818
Production machinery / Actual result362617171517211311171514
Production machinery / Forecast4028181417161516161781920
Business oriented machinery / Actual result231513222219222222162830
Business oriented machinery / Forecast2091622191916221319252525
Electrical machinery / Actual result292217161111811104-2
Electrical machinery / Forecast271911913141412934610
Transportation machinery / Actual result181816161316101012142314
Transportation machinery / Forecast141215131413131112714108
Shipbuilding, Heavy machinery & Other transportation machinery / Actual result3935413627271823141848
Shipbuilding, Heavy machinery & Other transportation machinery / Forecast3026323236271818185370
Motor vehicles / Actual result12139108138712132815
Motor vehicles / Forecast971087911910817119
Other manufacturing / Actual result171616191820171617111311
Other manufacturing / Forecast381717151911222218151813
Basic materials / Actual result18141512128161314997
Basic materials / Forecast1610151312101413148596
Processing / Actual result23191615131513131312149
Processing / Forecast18151413121313151411101110
Nonmanufacturing / Actual result373634343435333433343027
Nonmanufacturing / Forecast28292828272828282727242120
Construction / Actual result525549494439333125262222
Construction / Forecast42454139342927212023192017
Real estate, Goods rental & Leasing / Actual result515246474853504544454134
Real estate, Goods rental & Leasing / Forecast41353840424340403738312620
Real estate / Actual result525552525459575150524737
Real estate / Forecast43404848504847464345372820
Goods rental & Leasing / Actual result504632363239322929282828
Goods rental & Leasing / Forecast35231021213221252121172120
Wholesaling & Retailing / Actual result342924252426222827313027
Wholesaling & Retailing / Forecast23221819151820212222231615
Wholesaling / Actual result333130312929292932313432
Wholesaling / Forecast19222019191922212519231518
Retailing / Actual result332618181821132819312624
Retailing / Forecast27221620111718211826211814
Transport & Postal activities / Actual result252327263132332729241614
Transport & Postal activities / Forecast18182023242627282725171713
Information communication / Actual result444440434541484647483431
Information communication / Forecast33393837374039424138332529
Communications / Actual result383332283842383540292314
Communications / Forecast31332628383738354033232121
Information services / Actual result525251555146535354544342
Information services / Forecast39454746424745475147403841
Other Information communication / Actual result333526293934453939492118
Other Information communication / Forecast243226262926293922262507
Electric & Gas utilities / Actual result2612161214161620162722
Electric & Gas utilities / Forecast64812688161010141810
Services for businesses / Actual result434353454540404540402732
Services for businesses / Forecast39394535384040433538352728
Services for individuals / Actual result373330302924181829332824
Services for individuals / Forecast22372727262618212930262934
Accomodations, Eating & Drinking services / Actual result463425264546405249525144
Accomodations, Eating & Drinking services / Forecast34251929393637424242394133
Mining & Quarrying of stone and gravel / Actual result22291301338252256565063
Mining & Quarrying of stone and gravel / Forecast222213013252511221113130
Medium-sized Enterprises82
All industries / Actual result222322191919181616141412
All industries / Forecast131415141212131312111098
Manufacturing / Actual result1716161210111188650
Manufacturing / Forecast99108648975422
Textiles / Actual result-7-17122-6-4-9252-10
Textiles / Forecast-15-70-3-7-10-6-20-5-15-19-10
Lumber & Wood products / Actual result105000-40-110-89-4
Lumber & Wood products / Forecast-613110-4-4-7-153-7-40-9
Pulp & Paper / Actual result93612189189123-36
Pulp & Paper / Forecast-3661820181891817131313
Chemicals / Actual result38323428201511131073-3
Chemicals / Forecast1919282417171313116530
Petroleum & Coal products / Actual result2015375-1015-10-51053632
Petroleum & Coal products / Forecast-1001115-15-21-100-105560
Ceramics, Stone & Clay / Actual result161815910151512100-15-15
Ceramics, Stone & Clay / Forecast10141051055104-7-7-9-11
Iron & Steel / Actual result-6-6-13-12-900-7-2-5-4-7
Iron & Steel / Forecast-6-8-16-13-20-23-15-7-7-52-10-13
Nonferrous metals / Actual result37192761016150-3-83-12
Nonferrous metals / Forecast21161113710121757-40-10
Food & Beverages / Actual result591310116131715966
Food & Beverages / Forecast-5-34510911129725-2
Processed metals / Actual result132118211917964106-2
Processed metals / Forecast10613137999553-12
General-purpose, Production & Business oriented machinery / Actual result303224201823202119221414
General-purpose, Production & Business oriented machinery / Forecast24191815141116161711171819
General-purpose machinery / Actual result283835301724201917271611
General-purpose machinery / Forecast2420302211911131712141113
Production machinery / Actual result29251011101617141117611
Production machinery / Forecast201666931416103131212
Business oriented machinery / Actual result363529222934243136242520
Business oriented machinery / Forecast32222020252325202722252934
Electrical machinery / Actual result2015116697-1-7-6-8-7
Electrical machinery / Forecast2115554333-2-1-9-91
Transportation machinery / Actual result272824232222221915142110
Transportation machinery / Forecast231719149102123211622126
Shipbuilding, Heavy machinery & Other transportation machinery / Actual result413030353736393229262618
Shipbuilding, Heavy machinery & Other transportation machinery / Forecast39273535252229313136262116
Motor vehicles / Actual result172721161313111155186
Motor vehicles / Forecast13111020316171431981
Other manufacturing / Actual result416-43173206-8
Other manufacturing / Forecast-62-2-2-4-214-51501
Basic materials / Actual result15111497872510-5
Basic materials / Forecast3787313531-2-4-6
Processing / Actual result18191613131414128884
Processing / Forecast131110977111286756
Nonmanufacturing / Actual result262725242525222322202019
Nonmanufacturing / Forecast16181818171815161615141412
Construction / Actual result313131283131272429231615
Construction / Forecast2127292325221715191915119
Real estate, Goods rental & Leasing / Actual result354238393733313130302827
Real estate, Goods rental & Leasing / Forecast23262326221923232422191814
Real estate / Actual result354134353229262826252321
Real estate / Forecast25302523171520211816151411
Goods rental & Leasing / Actual result364242454541403637393435
Goods rental & Leasing / Forecast19212129292529283330242518
Wholesaling & Retailing / Actual result222019182123182118191920
Wholesaling & Retailing / Forecast14141414131712131212131310
Wholesaling / Actual result192018181720151817181617
Wholesaling / Forecast10101212111678998810
Retailing / Actual result282021192726212621202526
Retailing / Forecast18191719181919221516232211
Transport & Postal activities / Actual result191715161618181415888
Transport & Postal activities / Forecast391161213129103246
Information communication / Actual result243024212227231917161813
Information communication / Forecast15161615121816131312141214
Communications / Actual result325345453350252533364444
Communications / Forecast2132454517331702527383832
Information services / Actual result465147454345403537374031
Information services / Forecast37383736343736353635332834
Other Information communication / Actual result06-3-6-1540-6-8-9-10
Other Information communication / Forecast-8-7-9-10-10-5-6-8-13-14-8-9-9
Electric & Gas utilities / Actual result1114111510141214511510
Electric & Gas utilities / Forecast1227111195958-16-1
Services for businesses / Actual result383937393738333839353031
Services for businesses / Forecast27272629262525272422232220
Services for individuals / Actual result212024222116192026201717
Services for individuals / Forecast16252618151516222225231615
Accomodations, Eating & Drinking services / Actual result332333252916312820304036
Accomodations, Eating & Drinking services / Forecast22221220242012252235192331
Mining & Quarrying of stone and gravel / Actual result193120714762014-7140
Mining & Quarrying of stone and gravel / Forecast253120770-6667136-7
Small Enterprises82
All industries / Actual result131312910101087795
All industries / Forecast6775556655444
Manufacturing / Actual result97611210-1-11-5
Manufacturing / Forecast242-1-2-10000-1-2-1
Textiles / Actual result-11-16-12-14-19-20-14-18-19-16-10-21
Textiles / Forecast-26-23-18-19-23-15-14-17-25-18-19-19-25
Lumber & Wood products / Actual result-16-103-6-7-8-13-16-10-20-9-14
Lumber & Wood products / Forecast-23-140-14-10-14-12-16-13-24-15-16-17
Pulp & Paper / Actual result1-12-7-13-7-7-7-10-2-60-16
Pulp & Paper / Forecast-6-10-8-75-4-5-1037-7-4
Chemicals / Actual result1913151881012560-3-12
Chemicals / Forecast271210261065-1-6-42
Petroleum & Coal products / Actual result41222240-14-800-15
Petroleum & Coal products / Forecast-13-9-6-10-10-4-10-10-80-9-80
Ceramics, Stone & Clay / Actual result6131018107-7-132-12
Ceramics, Stone & Clay / Forecast4273257338-1-4-2
Iron & Steel / Actual result-2-9-10-17-23-16-23-21-20-1910
Iron & Steel / Forecast-7-5-12-16-19-17-20-18-14-13-6-36
Nonferrous metals / Actual result161110754-21-6470
Nonferrous metals / Forecast01-40-5-6-83706-12
Food & Beverages / Actual result432154410151263
Food & Beverages / Forecast1643775111112763
Processed metals / Actual result376-2-300-31351
Processed metals / Forecast0-2-3-4-10-6-8-7-15304
General-purpose, Production & Business oriented machinery / Actual result17181111810105520-3
General-purpose, Production & Business oriented machinery / Forecast131041-159251-3-13
General-purpose machinery / Actual result2823202426212314131271
General-purpose machinery / Forecast17131012112018429303
Production machinery / Actual result663-1-612-3-4-3-3-7
Production machinery / Forecast02-5-8-13-7-2-6-1-5-6-42
Business oriented machinery / Actual result2529182017191413144-2-1
Business oriented machinery / Forecast3224131013132013188-336
Electrical machinery / Actual result1514118810680-3-6-11
Electrical machinery / Forecast1612120513320-4-100
Transportation machinery / Actual result28302516149131174189
Transportation machinery / Forecast23211817131091513916118
Shipbuilding, Heavy machinery & Other transportation machinery / Actual result3740353124151713111286
Shipbuilding, Heavy machinery & Other transportation machinery / Forecast303031312721202118101078
Motor vehicles / Actual result151612-501890-82913
Motor vehicles / Forecast138-2-3-8-4-665822158
Other manufacturing / Actual result2-1-3-15-5-7-5-2-5-4-1-1
Other manufacturing / Forecast-9-1-6-9-6-4-6-40-5-31-8
Basic materials / Actual result201-2-5-4-5-9-8-8-2-11
Basic materials / Forecast-8-4-3-6-10-6-6-7-7-6-7-7-4
Processing / Actual result13131056666423-1
Processing / Forecast9951233354202
Nonmanufacturing / Actual result151615141516161412131412
Nonmanufacturing / Forecast8810109981188787
Construction / Actual result172022181716201715151312
Construction / Forecast710151213121214107796
Real estate, Goods rental & Leasing / Actual result252528242724252421202119
Real estate, Goods rental & Leasing / Forecast17171816151417181617141515
Real estate / Actual result222324242424222119191713
Real estate / Forecast1515181312121315121410107
Goods rental & Leasing / Actual result323033273024303026233027
Goods rental & Leasing / Forecast21202119201821222222212425
Wholesaling & Retailing / Actual result956671177710129
Wholesaling & Retailing / Forecast2-213222413544
Wholesaling / Actual result534551178811129
Wholesaling / Forecast-3-6-40001325535
Retailing / Actual result1588710107768119
Retailing / Forecast7586463511553
Transport & Postal activities / Actual result1819191715141410752-1
Transport & Postal activities / Forecast13816121089731-2-22
Information communication / Actual result12201413131512131210117
Information communication / Forecast109151213147101011424
Communications / Actual result42453535393526212083020
Communications / Forecast393026313035171688151923
Information services / Actual result213326282630333133352923
Information services / Forecast19202428252723242929211714
Other Information communication / Actual result-11-10-6-9-9-7-15-11-13-18-16-15
Other Information communication / Forecast-14-110-11-6-9-14-10-12-9-20-22-15
Electric & Gas utilities / Actual result112222151918811140410
Electric & Gas utilities / Forecast37161612124108571414
Services for businesses / Actual result192016171517161416141719
Services for businesses / Forecast131410111091115131412139
Services for individuals / Actual result12191214191917121717179
Services for individuals / Forecast8139991011991311118
Accomodations, Eating & Drinking services / Actual result181018141519272120252023
Accomodations, Eating & Drinking services / Forecast7481713914161623131813
Mining & Quarrying of stone and gravel / Actual result8232210183141734133
Mining & Quarrying of stone and gravel / Forecast06181015077-101016104

Latest reading

All industries / Actual result stood at 18 % points in Q2 2026. That is unchanged from Q1 2026 and +3.0 pp from a year earlier. The series on this page is quarterly and runs from Q2 1974 to Q2 2026. Source: Bank of Japan – Time-Series Data Search.

Latest
18 % points
Q2 2026
vs previous period
0.0 pp
Q1 2026
vs a year earlier
+3.0 pp

About this data

Bank of Japan Tankan survey diffusion index of favourable minus unfavourable business conditions, by enterprise size and industry, actual results and forecasts for the next quarter. 328 series. Source: Bank of Japan, Time-Series Data Search.

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