Japan Firms' Output Price Outlook, 1 Year
Tankan survey of enterprises' inflation expectations — outlook for output prices, 1 year ahead — average expected rate of change by enterprise size and industry. 164 series.
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | Q4-2023 | Q3-2023 | Q2-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Outlook for Output Prices (1 year ahead)(The Average of Enterprises' Inflation Outlook)4 | ||||||||||||||
| All Enterprises41 | ||||||||||||||
| All industries | 3.7 | 3.1 | 2.7 | 2.8 | 2.9 | 2.9 | 2.8 | 2.8 | 2.8 | 2.7 | 2.6 | 2.8 | 3 | |
| Manufacturing | 4.2 | 3.2 | 2.8 | 2.8 | 2.9 | 3 | 2.9 | 2.9 | 3 | 2.9 | 2.8 | 2.9 | 3.2 | |
| Textiles | 4.2 | 2.7 | 2.7 | 2.7 | 2.8 | 3.1 | 3.4 | 3.6 | 3.5 | 3.4 | 3.8 | 3.5 | 3.7 | |
| Lumber & Wood products | 4.6 | 3 | 2.9 | 3.2 | 3 | 2.9 | 2.5 | 2.1 | 3.1 | 2.7 | 1.5 | 1.5 | 1.9 | |
| Pulp & Paper | 5.8 | 4.8 | 4.2 | 4 | 3.3 | 3.6 | 3.2 | 3.2 | 3.1 | 2.8 | 2.5 | 2.9 | 3.7 | |
| Chemicals | 3.7 | 2.6 | 2.2 | 2.3 | 2.6 | 2.6 | 2.3 | 2.4 | 2.4 | 2.2 | 2.1 | 2.2 | 2.2 | |
| Petroleum & Coal products | 6.2 | 4.4 | 3 | 2.6 | 3.6 | 3.2 | 3.1 | 3.2 | 3.4 | 3.5 | 3.9 | 4 | 3.9 | |
| Ceramics, Stone & Clay | 4.6 | 3.5 | 3.6 | 3.6 | 3.7 | 4.6 | 4.2 | 4.3 | 4 | 3.9 | 3.9 | 4.4 | 5 | |
| Iron & Steel | 4.2 | 2.9 | 2.4 | 2 | 1.9 | 2 | 2.2 | 2.5 | 3.7 | 3.8 | 2.3 | 2.4 | 2.8 | |
| Nonferrous metals | 3.7 | 3.3 | 2.4 | 2.4 | 2.5 | 2.7 | 2.4 | 2.4 | 2.7 | 2.4 | 2.3 | 2.2 | 2.2 | |
| Food & Beverages | 4.8 | 3.8 | 3.9 | 4 | 4 | 4 | 3.5 | 3.1 | 2.9 | 3.2 | 3.3 | 3.7 | 4.2 | |
| Processed metals | 4.5 | 3.2 | 2.6 | 2.4 | 2.9 | 3 | 3.1 | 3.3 | 3.2 | 3.1 | 3.1 | 3.2 | 3.5 | |
| General-purpose, Production & Business oriented machinery | 4 | 3.1 | 2.9 | 2.9 | 2.9 | 3.2 | 3.1 | 3 | 3.2 | 3.2 | 3 | 3.1 | 3.3 | |
| General-purpose machinery | 4 | 3.3 | 3.3 | 3.5 | 3.2 | 3.4 | 3.3 | 3.3 | 3.5 | 3.3 | 3.2 | 3.3 | 3.4 | |
| Production machinery | 4 | 3.1 | 2.8 | 2.8 | 2.9 | 3.1 | 3 | 2.9 | 3.1 | 3.1 | 2.7 | 2.9 | 3.2 | |
| Business oriented machinery | 3.9 | 2.9 | 2.9 | 2.6 | 2.5 | 3.1 | 3 | 2.9 | 3.1 | 3.1 | 3.2 | 3.1 | 3.4 | |
| Electrical machinery | 3.2 | 2.6 | 2 | 2 | 2.1 | 2.1 | 2.1 | 2.2 | 2.4 | 2.3 | 2.3 | 2.6 | 2.6 | |
| Transportation machinery | 3.4 | 2.9 | 2.7 | 2.7 | 2.8 | 2.8 | 2.6 | 2.7 | 2.7 | 2.7 | 2.6 | 2.8 | 2.8 | |
| Shipbuilding, Heavy machinery & Other transportation machinery | 4.4 | 3.5 | 3.1 | 3.2 | 3.4 | 3.4 | 3.1 | 2.9 | 3.1 | 3.1 | 2.9 | 3.1 | 3.1 | |
| Motor vehicles | 2.5 | 2.4 | 2.3 | 2.2 | 2.4 | 2.4 | 2.1 | 2.5 | 2.4 | 2.4 | 2.5 | 2.6 | 2.6 | |
| Other manufacturing | 4.7 | 3.3 | 2.8 | 2.7 | 3 | 3 | 2.8 | 2.9 | 3.1 | 2.9 | 2.8 | 3 | 3.3 | |
| Basic materials | 4.4 | 3.2 | 2.8 | 2.7 | 2.8 | 3 | 2.9 | 2.9 | 3.2 | 3 | 2.7 | 2.8 | 3.1 | |
| Processing | 4 | 3.1 | 2.8 | 2.8 | 2.9 | 3 | 2.9 | 2.8 | 2.9 | 2.9 | 2.8 | 3 | 3.3 | |
| Nonmanufacturing | 3.3 | 3 | 2.7 | 2.8 | 2.8 | 2.9 | 2.8 | 2.7 | 2.7 | 2.6 | 2.6 | 2.7 | 2.8 | |
| Construction | 4.2 | 3.6 | 3.4 | 3.2 | 3.5 | 3.5 | 3.4 | 3.2 | 3.3 | 3.1 | 2.9 | 3.3 | 3.3 | |
| Real estate, Goods rental & Leasing | 2.6 | 2.1 | 1.9 | 2 | 1.9 | 2.2 | 2 | 1.8 | 1.9 | 1.8 | 1.6 | 1.5 | 1.6 | |
| Real estate | 2.4 | 2 | 1.8 | 1.7 | 1.7 | 1.9 | 1.8 | 1.6 | 1.7 | 1.6 | 1.5 | 1.3 | 1.6 | |
| Goods rental & Leasing | 2.9 | 2.4 | 2 | 2.4 | 2.3 | 2.6 | 2.4 | 2.1 | 2.2 | 2.1 | 1.8 | 2 | 1.8 | |
| Wholesaling & Retailing | 4.1 | 3.5 | 3 | 3.1 | 3.1 | 3.4 | 3.2 | 3.2 | 3.2 | 3.2 | 3.1 | 3.3 | 3.5 | |
| Wholesaling | 4.4 | 3.5 | 3 | 3.2 | 3.1 | 3.4 | 3.1 | 3.1 | 3.2 | 3.1 | 3.1 | 3.2 | 3.6 | |
| Retailing | 3.8 | 3.3 | 3.1 | 3.1 | 3.3 | 3.4 | 3.3 | 3.2 | 3.3 | 3.2 | 3.2 | 3.4 | 3.4 | |
| Transport & Postal activities | 2.8 | 2.8 | 2.5 | 2.7 | 2.7 | 2.7 | 2.5 | 2.5 | 2.6 | 2.6 | 2.7 | 2.7 | 2.7 | |
| Information communication | 2 | 2.1 | 1.9 | 1.9 | 1.9 | 2 | 1.8 | 1.7 | 1.5 | 1.6 | 1.6 | 1.5 | 1.7 | |
| Communications | 2.8 | 3 | 2.1 | 2 | 2.4 | 2.2 | 2.4 | 1.9 | 1.5 | 1.4 | 1.5 | 1.7 | 1.6 | |
| Information services | 2.2 | 2.3 | 2.1 | 2 | 1.8 | 2.1 | 2 | 1.9 | 1.7 | 1.7 | 1.5 | 1.3 | 1.4 | |
| Other information communication | 1.6 | 1.7 | 1.6 | 1.7 | 1.9 | 1.8 | 1.4 | 1.4 | 1.4 | 1.6 | 1.7 | 1.7 | 2.1 | |
| Electric & Gas utilities | 3 | 2.7 | 2.1 | 2.3 | 2.4 | 2.7 | 2.1 | 1.7 | 2 | 2.1 | 1 | 1.7 | 1.5 | |
| Services for businesses | 3 | 2.8 | 2.8 | 2.6 | 2.6 | 2.5 | 2.5 | 2.3 | 2.3 | 2.1 | 1.9 | 2 | 2.1 | |
| Services for individuals | 2.3 | 2.3 | 2 | 2.1 | 2 | 2.3 | 2.4 | 2.5 | 2.2 | 2.3 | 2.4 | 2.7 | 2.3 | |
| Accomodations, Eating & Drinking services | 3.8 | 3.7 | 3.7 | 3.8 | 3.6 | 4 | 3.9 | 3.5 | 3.7 | 3.8 | 3.9 | 4.1 | 4.2 | |
| Mining & Quarrying of stone and gravel | 3.8 | 3.9 | 2 | 2.7 | 3.3 | 2.5 | 3 | 3 | 2.8 | 2.7 | 2.1 | 2 | 2.8 | |
| Large Enterprises41 | ||||||||||||||
| All industries | 3 | 2.5 | 2.2 | 2.2 | 2.3 | 2.3 | 2.2 | 2.1 | 2.2 | 2.1 | 2.1 | 2.3 | 2.3 | |
| Manufacturing | 3.2 | 2.5 | 2.2 | 2.2 | 2.3 | 2.3 | 2.2 | 2.2 | 2.3 | 2.2 | 2.2 | 2.4 | 2.5 | |
| Textiles | 3.3 | 2.8 | 3.1 | 3.1 | 2.5 | 2.3 | 3.3 | 3.1 | 2.9 | 1.8 | 2.6 | 1.9 | 2.5 | |
| Lumber & Wood products | 4.2 | 1.8 | 1.7 | 2.7 | 2.3 | 2.7 | 3.1 | 2.7 | 3.6 | 2.7 | 2.5 | 1.9 | 2.3 | |
| Pulp & Paper | 5.9 | 4.4 | 4.5 | 4 | 3.5 | 3.6 | 2.8 | 3.5 | 3.2 | 3.6 | 2.4 | 2.4 | 3.6 | |
| Chemicals | 2.3 | 1.9 | 1.4 | 1.5 | 2 | 1.5 | 1.1 | 1.5 | 1.5 | 1.1 | 1.5 | 1.3 | 1.6 | |
| Petroleum & Coal products | 1.7 | 6.7 | 1 | 1 | 2 | 3 | -2 | -1 | -2 | -1 | 0 | 0.8 | 1.7 | |
| Ceramics, Stone & Clay | 4.4 | 2.5 | 3.1 | 3.6 | 2.8 | 4 | 3.8 | 3.4 | 3.1 | 2.3 | 1.9 | 3 | 3.9 | |
| Iron & Steel | 5.2 | 2.7 | 2.5 | 2.4 | 3 | 2.9 | 2.8 | 2.6 | 4.3 | 4.8 | 2.4 | 2.9 | 2.7 | |
| Nonferrous metals | 3.3 | 2.7 | 1.4 | 2 | 3 | 3 | 1.9 | 2 | 3.3 | 2.3 | 1.9 | 1.7 | 1.8 | |
| Food & Beverages | 3.3 | 2.9 | 3 | 2.9 | 2.7 | 2.7 | 2.6 | 2.1 | 2.2 | 2.3 | 2.4 | 3 | 3.3 | |
| Processed metals | 4.8 | 3.5 | 2.8 | 2.9 | 3.3 | 3.1 | 3.5 | 3.4 | 3.4 | 3.2 | 3 | 3.6 | 3.9 | |
| General-purpose, Production & Business oriented machinery | 3.4 | 2.8 | 2.7 | 2.9 | 2.5 | 2.8 | 2.8 | 2.7 | 2.7 | 2.6 | 2.8 | 3 | 2.7 | |
| General-purpose machinery | 3.3 | 3.3 | 3.2 | 3.5 | 3 | 2.8 | 3 | 2.9 | 3.2 | 2.8 | 3.2 | 3.5 | 3.2 | |
| Production machinery | 3.2 | 2.4 | 2.4 | 2.4 | 2.2 | 2.7 | 2.8 | 2.5 | 2.4 | 2.5 | 2.6 | 2.9 | 2.7 | |
| Business oriented machinery | 3.8 | 2.8 | 2.4 | 3.1 | 2.4 | 3.1 | 2.5 | 2.9 | 2.7 | 2.7 | 2.7 | 2.6 | 1.9 | |
| Electrical machinery | 2.3 | 1.9 | 1.4 | 1.1 | 1.5 | 1.4 | 1.3 | 1.4 | 1.4 | 1.5 | 1.5 | 1.9 | 1.9 | |
| Transportation machinery | 2.3 | 2.3 | 1.8 | 1.6 | 1.9 | 2 | 2.1 | 2.2 | 2.2 | 2.2 | 2.2 | 2.3 | 1.9 | |
| Shipbuilding, Heavy machinery & Other transportation machinery | 2.9 | 2.8 | 2.1 | 1.8 | 1.9 | 1.8 | 2.6 | 2.6 | 2.6 | 2.6 | 1.9 | 1.4 | 1.2 | |
| Motor vehicles | 2.1 | 2.1 | 1.7 | 1.6 | 1.9 | 2.1 | 1.9 | 2.1 | 2.1 | 2.1 | 2.3 | 2.6 | 2.1 | |
| Other manufacturing | 3.6 | 2.6 | 2.3 | 1.6 | 2.3 | 2.4 | 2.1 | 2.2 | 2.6 | 2.5 | 3.1 | 2.9 | 2.5 | |
| Basic materials | 3.5 | 2.5 | 2.2 | 2.4 | 2.5 | 2.5 | 2.1 | 2.2 | 2.5 | 2.1 | 1.9 | 1.9 | 2.4 | |
| Processing | 3 | 2.5 | 2.2 | 2.1 | 2.2 | 2.3 | 2.2 | 2.2 | 2.2 | 2.2 | 2.3 | 2.6 | 2.5 | |
| Nonmanufacturing | 2.7 | 2.5 | 2.2 | 2.3 | 2.3 | 2.4 | 2.2 | 2.1 | 2.1 | 2 | 2 | 2.2 | 2.1 | |
| Construction | 3.1 | 3.1 | 2.5 | 2.3 | 2.4 | 2.3 | 2.4 | 2.2 | 2.4 | 2.2 | 1.8 | 2.1 | 2 | |
| Real estate, Goods rental & Leasing | 3 | 2.2 | 2.2 | 2 | 2.3 | 2.3 | 1.9 | 2.3 | 2.1 | 2.4 | 1.6 | 1.3 | 1.3 | |
| Real estate | 3.1 | 2 | 2.2 | 1.9 | 2.5 | 2.4 | 2 | 2.3 | 2 | 2.3 | 1.5 | 1.2 | 1.3 | |
| Goods rental & Leasing | 2.6 | 2.6 | 2.1 | 2.4 | 1.9 | 2 | 1.8 | 2.3 | 2.3 | 2.8 | 1.8 | 1.7 | 1.4 | |
| Wholesaling & Retailing | 3 | 2.6 | 2.3 | 2.4 | 2.4 | 2.7 | 2.2 | 2.3 | 2.2 | 2.3 | 2.4 | 2.9 | 2.7 | |
| Wholesaling | 2.8 | 2.4 | 2.1 | 2.4 | 2.3 | 2.4 | 1.9 | 2 | 1.7 | 1.7 | 2.1 | 2.5 | 2.4 | |
| Retailing | 3.2 | 2.8 | 2.6 | 2.4 | 2.6 | 2.9 | 2.4 | 2.7 | 2.8 | 2.9 | 2.6 | 3.2 | 3 | |
| Transport & Postal activities | 2.4 | 2.5 | 2.2 | 2.4 | 2.2 | 2.8 | 2.6 | 2.4 | 2.1 | 1.6 | 1.9 | 2.3 | 2.1 | |
| Information communication | 2 | 2.4 | 1.8 | 2.1 | 1.8 | 1.7 | 1.7 | 1.3 | 1.5 | 1.6 | 1.5 | 1.3 | 1.2 | |
| Communications | 1.9 | 1.7 | 1.3 | 1.2 | 1.3 | 1.2 | 0.8 | 0.4 | 0.4 | 0 | 0 | 0 | 0 | |
| Information services | 2.3 | 2.5 | 2.2 | 2.2 | 1.8 | 2.4 | 2.7 | 2 | 2.3 | 2.4 | 2.3 | 2.2 | 2 | |
| Other information communication | 1.3 | 2.4 | 1.4 | 2.3 | 2 | 0.7 | 0.4 | 0.2 | 0.7 | 0.7 | 0.2 | 0 | 0 | |
| Electric & Gas utilities | 2 | 1.2 | 0.9 | 1.3 | 1.3 | 1.1 | 1.7 | 1.5 | 1.2 | 0.6 | 1.7 | 0.9 | 0.5 | |
| Services for businesses | 3.1 | 3 | 3 | 3.2 | 2.4 | 2.6 | 2.4 | 2.4 | 2 | 2 | 1.3 | 1.7 | 1.4 | |
| Services for individuals | 1.4 | 1.6 | 1.8 | 1.6 | 2.4 | 1.7 | 1.8 | 1.5 | 2.1 | 1.7 | 1.9 | 2.1 | 2.2 | |
| Accomodations, Eating & Drinking services | 3.9 | 3.4 | 3.6 | 4.1 | 3.7 | 4.1 | 4.3 | 3.5 | 3.3 | 3.7 | 4.7 | 4.4 | 4.6 | |
| Mining & Quarrying of stone and gravel | 0 | -0.7 | -4.2 | -2.5 | -3.3 | -3.3 | -2.5 | -2.9 | -2.1 | -2.9 | -2.5 | -2.5 | -3 | |
| Medium-sized Enterprises41 | ||||||||||||||
| All industries | 3.2 | 2.7 | 2.4 | 2.5 | 2.5 | 2.7 | 2.5 | 2.4 | 2.5 | 2.4 | 2.3 | 2.4 | 2.5 | |
| Manufacturing | 4 | 3 | 2.6 | 2.6 | 2.7 | 2.8 | 2.7 | 2.6 | 2.8 | 2.8 | 2.7 | 2.9 | 2.9 | |
| Textiles | 4.8 | 2.1 | 2.1 | 2 | 2.6 | 2.9 | 3.9 | 3.4 | 3 | 3 | 3.9 | 3.6 | 3 | |
| Lumber & Wood products | 3.3 | 3 | 2.6 | 3.1 | 2.9 | 4 | 3 | 1.8 | 3.2 | 1.7 | 1 | -0.2 | -0.8 | |
| Pulp & Paper | 5.3 | 4.5 | 4.5 | 4.4 | 4 | 3.8 | 3.7 | 3.2 | 3.5 | 3.2 | 2.8 | 3.2 | 3 | |
| Chemicals | 4.3 | 2.5 | 2 | 2.4 | 2.5 | 3 | 2.4 | 2.2 | 2.1 | 2.3 | 2 | 2.1 | 2.1 | |
| Petroleum & Coal products | 7.9 | 3.3 | 3 | 3 | 4.1 | 2.7 | 3.8 | 1.3 | 3.4 | 2.5 | 3.6 | 2.5 | 2.4 | |
| Ceramics, Stone & Clay | 4.1 | 3.2 | 3.2 | 2.9 | 3 | 4 | 3.6 | 3.6 | 4.1 | 4.1 | 4.8 | 5.3 | 5.1 | |
| Iron & Steel | 4 | 2.7 | 2.3 | 1.2 | 1.4 | 1.3 | 1.6 | 2.2 | 3.5 | 3.2 | 1.6 | 1.3 | 2 | |
| Nonferrous metals | 2.6 | 3.3 | 1.6 | 2.4 | 2.5 | 2.2 | 1.6 | 1.7 | 1.5 | 1.4 | 1.8 | 2.4 | 1.4 | |
| Food & Beverages | 3.9 | 3.1 | 3 | 3.5 | 3.5 | 3.5 | 3.4 | 2.9 | 2.5 | 3.3 | 3.1 | 3.5 | 4 | |
| Processed metals | 3.7 | 2.9 | 2.5 | 2 | 2.5 | 2.5 | 2.7 | 3.3 | 2.8 | 2.9 | 3.1 | 3 | 3.1 | |
| General-purpose, Production & Business oriented machinery | 3.8 | 3.1 | 2.9 | 2.8 | 2.8 | 3 | 3 | 3 | 3.6 | 3.3 | 3 | 3.3 | 3.6 | |
| General-purpose machinery | 4.3 | 3.1 | 3.2 | 3.4 | 3.2 | 3.6 | 3.5 | 3.5 | 4 | 3.9 | 3.3 | 3.1 | 3.2 | |
| Production machinery | 3.7 | 3.2 | 2.8 | 2.5 | 2.6 | 2.7 | 2.5 | 2.5 | 3.4 | 3.1 | 2.5 | 2.9 | 3.4 | |
| Business oriented machinery | 3.5 | 3.1 | 2.8 | 2.6 | 2.6 | 2.6 | 3.3 | 3.1 | 3.3 | 2.9 | 3.4 | 4 | 4.1 | |
| Electrical machinery | 2.9 | 2.5 | 1.6 | 1.7 | 1.5 | 1.7 | 1.9 | 1.4 | 1.8 | 1.8 | 1.8 | 2.1 | 2 | |
| Transportation machinery | 3.8 | 2.9 | 2.9 | 2.8 | 3 | 2.7 | 2.4 | 2.4 | 2.4 | 2 | 2.2 | 2.5 | 2.5 | |
| Shipbuilding, Heavy machinery & Other transportation machinery | 4.7 | 2.9 | 3.5 | 3.8 | 3.7 | 3.4 | 2.9 | 3.1 | 2.6 | 2.3 | 2.7 | 2.9 | 3.2 | |
| Motor vehicles | 3.1 | 2.8 | 2.5 | 2.2 | 2.6 | 2.2 | 1.9 | 1.9 | 2.3 | 1.8 | 1.9 | 2.3 | 2 | |
| Other manufacturing | 5 | 3.3 | 3.2 | 3 | 3 | 3.3 | 2.9 | 3.2 | 3.5 | 3.2 | 3 | 3.1 | 3.4 | |
| Basic materials | 4.2 | 2.9 | 2.6 | 2.5 | 2.7 | 2.9 | 2.9 | 2.6 | 3 | 2.8 | 2.7 | 2.7 | 2.5 | |
| Processing | 3.8 | 3 | 2.6 | 2.7 | 2.7 | 2.7 | 2.7 | 2.6 | 2.8 | 2.7 | 2.6 | 2.9 | 3.1 | |
| Nonmanufacturing | 2.7 | 2.5 | 2.3 | 2.4 | 2.4 | 2.6 | 2.3 | 2.2 | 2.3 | 2.2 | 2.1 | 2.1 | 2.3 | |
| Construction | 3.1 | 3.1 | 3 | 2.9 | 3.1 | 3 | 2.8 | 2.8 | 2.6 | 2.4 | 2.6 | 2.7 | 2.6 | |
| Real estate, Goods rental & Leasing | 2.6 | 2.1 | 1.8 | 2 | 2.1 | 2.1 | 1.9 | 1.6 | 1.7 | 1.4 | 1.6 | 1.3 | 1.6 | |
| Real estate | 2.3 | 1.8 | 1.8 | 1.7 | 1.9 | 1.9 | 1.6 | 1.3 | 1.5 | 1.2 | 1.3 | 1 | 1.6 | |
| Goods rental & Leasing | 3 | 2.7 | 1.9 | 2.4 | 2.3 | 2.4 | 2.3 | 2 | 2.1 | 1.8 | 2.2 | 1.8 | 1.5 | |
| Wholesaling & Retailing | 3.3 | 2.9 | 2.7 | 2.7 | 2.8 | 2.9 | 2.8 | 2.5 | 2.7 | 2.8 | 2.6 | 2.8 | 3 | |
| Wholesaling | 3.6 | 3 | 2.8 | 2.9 | 2.8 | 3 | 3 | 2.7 | 2.9 | 2.9 | 2.8 | 3 | 3.3 | |
| Retailing | 2.6 | 2.7 | 2.6 | 2.4 | 2.6 | 2.7 | 2.4 | 2.2 | 2.4 | 2.6 | 2.4 | 2.4 | 2.6 | |
| Transport & Postal activities | 2.2 | 2.1 | 1.8 | 2.3 | 2.5 | 2.5 | 2.2 | 2.3 | 2.6 | 2.3 | 2.2 | 2.2 | 2.2 | |
| Information communication | 1.8 | 1.9 | 1.7 | 1.5 | 1.5 | 1.7 | 1.3 | 1.3 | 1 | 1 | 1 | 0.7 | 1.3 | |
| Communications | 2.9 | 3.2 | 2.3 | 2.3 | 2.9 | 2.5 | 2.5 | 2.3 | 1.7 | 1.8 | 0.9 | 0.6 | 1.2 | |
| Information services | 2.3 | 2.6 | 2.2 | 2.1 | 1.5 | 2 | 1.5 | 1.8 | 1.2 | 1.1 | 0.7 | 0.6 | 1 | |
| Other information communication | 0.9 | 0.8 | 1.1 | 0.9 | 1.1 | 1.2 | 0.8 | 0.6 | 0.7 | 0.7 | 1.4 | 0.9 | 1.7 | |
| Electric & Gas utilities | 3.1 | 2.8 | 2.2 | 2.2 | 2.4 | 2.7 | 2.2 | 2 | 2.3 | 2.3 | 1.1 | 2.1 | 2.3 | |
| Services for businesses | 2.3 | 2.2 | 2.4 | 2.3 | 2.2 | 2 | 2 | 1.9 | 1.8 | 1.6 | 1.7 | 1.4 | 1.5 | |
| Services for individuals | 2.5 | 3.2 | 2.4 | 2.6 | 2.4 | 2.9 | 2.4 | 3.1 | 2.7 | 2.7 | 2.8 | 2.8 | 2.4 | |
| Accomodations, Eating & Drinking services | 3.5 | 3.5 | 3.3 | 3.3 | 3.6 | 4.3 | 3.5 | 3.2 | 3.8 | 3.4 | 3.2 | 3.5 | 3.7 | |
| Mining & Quarrying of stone and gravel | 2.7 | 3.7 | 3.2 | 2.9 | 4 | 4 | 3.7 | 3.6 | 4.3 | 3.3 | 2 | 2.5 | 3.5 | |
| Small Enterprises41 | ||||||||||||||
| All industries | 4.1 | 3.4 | 3.1 | 3.1 | 3.2 | 3.3 | 3.2 | 3.2 | 3.2 | 3.1 | 3 | 3.2 | 3.4 | |
| Manufacturing | 4.6 | 3.5 | 3.2 | 3.1 | 3.2 | 3.4 | 3.2 | 3.3 | 3.4 | 3.4 | 3.1 | 3.3 | 3.7 | |
| Textiles | 4 | 3 | 3 | 2.9 | 3 | 3.3 | 3.2 | 3.7 | 3.9 | 3.9 | 4 | 3.9 | 4.3 | |
| Lumber & Wood products | 5.4 | 3.3 | 3.3 | 3.4 | 3.2 | 2.6 | 2.2 | 2.1 | 3 | 3 | 1.5 | 2.1 | 2.6 | |
| Pulp & Paper | 5.9 | 5.1 | 3.9 | 3.8 | 2.9 | 3.4 | 3.1 | 3 | 2.8 | 2.2 | 2.4 | 2.9 | 4.1 | |
| Chemicals | 4.6 | 3.2 | 3 | 2.9 | 3.3 | 3.2 | 3.3 | 3.3 | 3.2 | 3 | 2.6 | 3 | 2.7 | |
| Petroleum & Coal products | 6.1 | 4.5 | 3.2 | 2.6 | 3.7 | 3.4 | 3.4 | 4.3 | 4 | 4.3 | 4.5 | 5 | 4.7 | |
| Ceramics, Stone & Clay | 5 | 4.2 | 4 | 4 | 4.5 | 5.3 | 4.9 | 5.1 | 4.3 | 4.2 | 4.1 | 4.4 | 5.5 | |
| Iron & Steel | 4.1 | 3.1 | 2.3 | 2.3 | 1.9 | 2 | 2.4 | 2.6 | 3.8 | 3.9 | 2.6 | 2.8 | 3.1 | |
| Nonferrous metals | 4.3 | 3.4 | 3 | 2.5 | 2.4 | 2.8 | 2.8 | 2.9 | 3 | 2.9 | 2.6 | 2.3 | 2.6 | |
| Food & Beverages | 6.1 | 4.6 | 5 | 4.8 | 5 | 4.9 | 3.9 | 3.7 | 3.5 | 3.5 | 3.7 | 4.1 | 4.8 | |
| Processed metals | 4.9 | 3.2 | 2.5 | 2.5 | 3 | 3.2 | 3.2 | 3.3 | 3.3 | 3.3 | 3.1 | 3.2 | 3.6 | |
| General-purpose, Production & Business oriented machinery | 4.2 | 3.3 | 3.1 | 3 | 3.1 | 3.5 | 3.2 | 3.2 | 3.3 | 3.4 | 3.1 | 3 | 3.4 | |
| General-purpose machinery | 4.2 | 3.3 | 3.4 | 3.5 | 3.4 | 3.7 | 3.3 | 3.4 | 3.3 | 3.3 | 3.2 | 3.2 | 3.7 | |
| Production machinery | 4.4 | 3.4 | 2.9 | 3 | 3.3 | 3.4 | 3.3 | 3.3 | 3.3 | 3.4 | 2.9 | 2.9 | 3.3 | |
| Business oriented machinery | 4.1 | 2.9 | 3.1 | 2.5 | 2.4 | 3.3 | 3 | 2.9 | 3.2 | 3.4 | 3.3 | 2.9 | 3.5 | |
| Electrical machinery | 3.9 | 3.3 | 2.9 | 3.1 | 3 | 3.1 | 3.1 | 3.5 | 3.5 | 3.4 | 3.3 | 3.6 | 3.6 | |
| Transportation machinery | 3.8 | 3.3 | 3.1 | 3.1 | 3.2 | 3.3 | 3 | 3.1 | 3.2 | 3.4 | 3.2 | 3.3 | 3.6 | |
| Shipbuilding, Heavy machinery & Other transportation machinery | 4.6 | 4 | 3.3 | 3.3 | 3.6 | 3.7 | 3.3 | 2.9 | 3.4 | 3.6 | 3.2 | 3.6 | 3.6 | |
| Motor vehicles | 2.5 | 2.3 | 2.8 | 2.8 | 2.8 | 2.8 | 2.6 | 3.5 | 2.9 | 3.3 | 3.2 | 2.9 | 3.6 | |
| Other manufacturing | 4.8 | 3.5 | 2.8 | 3 | 3.3 | 3.1 | 3.1 | 3.1 | 3 | 2.8 | 2.5 | 2.9 | 3.5 | |
| Basic materials | 4.8 | 3.6 | 3.1 | 3 | 3 | 3.2 | 3.1 | 3.3 | 3.5 | 3.5 | 3 | 3.2 | 3.6 | |
| Processing | 4.6 | 3.5 | 3.3 | 3.3 | 3.4 | 3.5 | 3.3 | 3.3 | 3.3 | 3.3 | 3.2 | 3.3 | 3.7 | |
| Nonmanufacturing | 3.8 | 3.3 | 3 | 3.1 | 3.1 | 3.3 | 3.2 | 3.1 | 3.1 | 3 | 2.9 | 3.1 | 3.2 | |
| Construction | 4.6 | 3.9 | 3.5 | 3.4 | 3.8 | 3.8 | 3.7 | 3.5 | 3.7 | 3.4 | 3.2 | 3.6 | 3.6 | |
| Real estate, Goods rental & Leasing | 2.5 | 2.1 | 1.9 | 2 | 1.8 | 2.3 | 2.2 | 1.9 | 2 | 1.9 | 1.6 | 1.7 | 1.8 | |
| Real estate | 2.3 | 2.1 | 1.8 | 1.7 | 1.5 | 1.8 | 1.9 | 1.7 | 1.7 | 1.6 | 1.6 | 1.4 | 1.7 | |
| Goods rental & Leasing | 2.9 | 2.2 | 2 | 2.4 | 2.3 | 2.9 | 2.6 | 2.2 | 2.2 | 2.2 | 1.5 | 2.2 | 2 | |
| Wholesaling & Retailing | 4.8 | 3.9 | 3.4 | 3.5 | 3.5 | 3.8 | 3.6 | 3.6 | 3.6 | 3.6 | 3.6 | 3.7 | 3.9 | |
| Wholesaling | 5 | 4 | 3.4 | 3.5 | 3.3 | 3.7 | 3.4 | 3.5 | 3.5 | 3.5 | 3.4 | 3.5 | 3.9 | |
| Retailing | 4.4 | 3.7 | 3.4 | 3.5 | 3.7 | 3.8 | 3.9 | 3.8 | 3.8 | 3.6 | 3.8 | 4 | 4 | |
| Transport & Postal activities | 3.4 | 3.6 | 3.1 | 3.1 | 3 | 2.9 | 2.6 | 2.7 | 2.9 | 3.2 | 3.2 | 3.3 | 3.2 | |
| Information communication | 2.4 | 2.3 | 2.2 | 2.1 | 2.5 | 2.5 | 2.5 | 2.4 | 2.1 | 2.3 | 2.3 | 2.4 | 2.4 | |
| Communications | 3.1 | 3.3 | 2.6 | 2.2 | 2.8 | 2.8 | 3.6 | 2.8 | 2.2 | 2.2 | 2.4 | 3.2 | 2.4 | |
| Information services | 2 | 1.9 | 2 | 1.8 | 2.1 | 2 | 2.2 | 2 | 1.8 | 1.8 | 1.8 | 1.5 | 1.6 | |
| Other information communication | 2.6 | 2.4 | 2.4 | 2.5 | 2.8 | 3 | 2.5 | 2.7 | 2.4 | 2.9 | 2.7 | 3.3 | 3.3 | |
| Electric & Gas utilities | 3.1 | 2.9 | 2.4 | 2.6 | 2.8 | 3.2 | 2.1 | 1.5 | 1.9 | 2.4 | 0.6 | 1.4 | 0.5 | |
| Services for businesses | 3.2 | 3 | 2.9 | 2.7 | 2.8 | 2.7 | 2.8 | 2.6 | 2.7 | 2.3 | 2 | 2.2 | 2.4 | |
| Services for individuals | 2.3 | 2 | 1.8 | 2 | 1.7 | 2.1 | 2.5 | 2.4 | 2 | 2.1 | 2.4 | 2.7 | 2.2 | |
| Accomodations, Eating & Drinking services | 3.9 | 3.8 | 4 | 4 | 3.6 | 3.9 | 4 | 3.7 | 3.8 | 4 | 4 | 4.3 | 4.4 | |
| Mining & Quarrying of stone and gravel | 5 | 4.9 | 2.8 | 3.7 | 4.4 | 3 | 3.9 | 4.3 | 3.3 | 3.8 | 3.1 | 2.8 | 3.6 |
Latest reading
All industries stood at 3.7 in Q2 2026. That is +0.6 from Q1 2026 and +0.8 from a year earlier. The series on this page is quarterly and runs from Q1 2014 to Q2 2026. Source: Bank of Japan – Time-Series Data Search.
- Latest
- 3.7
- Q2 2026
- vs previous period
- +0.6
- Q1 2026
- vs a year earlier
- +0.8
About this data
Tankan survey of enterprises' inflation expectations — outlook for output prices, 1 year ahead — average expected rate of change by enterprise size and industry. 164 series. Source: Bank of Japan, Time-Series Data Search.
