Japan Tankan Inventory Level DI
Bank of Japan Tankan survey diffusion index of excessive minus insufficient inventory of finished goods and merchandise, by enterprise size and industry, actual results and forecasts for the next quarter. 124 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| All Enterprises31 | ||||||||||||||
| All industries | 6 | 10 | 11 | 12 | 12 | 12 | 13 | 14 | 13 | 14 | 14 | 15 | 14 | |
| Manufacturing | 10 | 14 | 15 | 16 | 16 | 16 | 19 | 19 | 19 | 21 | 20 | 21 | 20 | |
| Textiles | 26 | 29 | 26 | 30 | 26 | 31 | 31 | 34 | 34 | 35 | 30 | 26 | 27 | |
| Lumber & Wood products | 19 | 25 | 17 | 15 | 18 | 21 | 22 | 29 | 21 | 22 | 21 | 26 | 29 | |
| Pulp & Paper | 9 | 18 | 22 | 23 | 17 | 15 | 18 | 15 | 20 | 25 | 23 | 24 | 30 | |
| Chemicals | 4 | 7 | 8 | 11 | 11 | 13 | 12 | 9 | 14 | 16 | 17 | 18 | 20 | |
| Petroleum & Coal products | -11 | 1 | 14 | 4 | 5 | 2 | 8 | 6 | 6 | 8 | 2 | 8 | 5 | |
| Ceramics, Stone & Clay | 5 | 10 | 10 | 14 | 14 | 12 | 20 | 20 | 15 | 13 | 17 | 15 | 11 | |
| Iron & Steel | 11 | 15 | 17 | 17 | 16 | 10 | 14 | 23 | 19 | 19 | 16 | 20 | 22 | |
| Nonferrous metals | 7 | 5 | 11 | 13 | 20 | 18 | 16 | 12 | 15 | 15 | 17 | 23 | 20 | |
| Food & Beverages | 7 | 3 | 3 | 2 | 2 | 1 | 6 | 5 | 6 | 9 | 9 | 11 | 10 | |
| Processed metals | 8 | 13 | 14 | 12 | 13 | 14 | 15 | 15 | 14 | 15 | 17 | 16 | 18 | |
| General-purpose, Production & Business oriented machinery | 14 | 17 | 21 | 24 | 22 | 24 | 28 | 27 | 23 | 25 | 22 | 23 | 21 | |
| General-purpose machinery | 9 | 14 | 22 | 22 | 16 | 22 | 22 | 20 | 15 | 21 | 20 | 25 | 23 | |
| Production machinery | 12 | 16 | 19 | 23 | 21 | 21 | 24 | 26 | 22 | 22 | 19 | 19 | 17 | |
| Business oriented machinery | 21 | 23 | 24 | 27 | 30 | 34 | 37 | 35 | 33 | 33 | 31 | 28 | 26 | |
| Electrical machinery | 14 | 16 | 19 | 20 | 21 | 25 | 30 | 28 | 29 | 32 | 30 | 32 | 29 | |
| Transportation machinery | 9 | 11 | 10 | 12 | 12 | 11 | 12 | 13 | 15 | 18 | 16 | 16 | 16 | |
| Shipbuilding, Heavy machinery & Other transportation machinery | 8 | 11 | 11 | 13 | 8 | 7 | 9 | 8 | 8 | 10 | 14 | 11 | 9 | |
| Motor vehicles | 9 | 12 | 10 | 12 | 13 | 14 | 13 | 16 | 18 | 22 | 18 | 19 | 19 | |
| Other manufacturing | 12 | 23 | 17 | 17 | 16 | 15 | 17 | 20 | 20 | 25 | 19 | 23 | 23 | |
| Basic materials | 9 | 14 | 15 | 16 | 16 | 15 | 17 | 18 | 18 | 20 | 18 | 20 | 21 | |
| Processing | 11 | 14 | 15 | 16 | 16 | 17 | 20 | 19 | 19 | 21 | 20 | 21 | 20 | |
| Nonmanufacturing | 1 | 5 | 5 | 5 | 5 | 4 | 4 | 5 | 5 | 6 | 7 | 6 | 4 | |
| Construction | -11 | -7 | -6 | -6 | -4 | -7 | -6 | -6 | -6 | -7 | -5 | -6 | -9 | |
| Real estate, Goods rental & Leasing | -5 | -2 | 0 | -1 | -2 | -1 | -1 | 3 | 1 | 0 | 2 | 3 | 2 | |
| Real estate | -5 | -2 | 0 | -1 | -2 | -1 | -1 | 3 | 1 | 0 | 2 | 3 | 2 | |
| Wholesaling & Retailing | 8 | 13 | 12 | 12 | 11 | 12 | 12 | 12 | 11 | 13 | 15 | 13 | 12 | |
| Wholesaling | 15 | 21 | 19 | 17 | 16 | 17 | 18 | 17 | 18 | 19 | 22 | 23 | 22 | |
| Retailing | 0 | 3 | 4 | 6 | 4 | 4 | 3 | 2 | 2 | 3 | 4 | -1 | -4 | |
| Mining & Quarrying of stone and gravel | -3 | -3 | 4 | 0 | -2 | 4 | 4 | 5 | 11 | 11 | 10 | 14 | 4 | |
| Large Enterprises31 | ||||||||||||||
| All industries | 11 | 13 | 13 | 14 | 13 | 14 | 17 | 15 | 15 | 20 | 17 | 18 | 17 | |
| Manufacturing | 13 | 15 | 15 | 16 | 16 | 17 | 19 | 19 | 18 | 24 | 21 | 21 | 20 | |
| Textiles | 24 | 35 | 17 | 17 | 17 | 13 | 13 | 17 | 22 | 25 | 23 | 20 | 27 | |
| Lumber & Wood products | 14 | 36 | 38 | 31 | 38 | 46 | 31 | 31 | 23 | 31 | 27 | 27 | 33 | |
| Pulp & Paper | 12 | 12 | 15 | 8 | 7 | 7 | 11 | 15 | 15 | 33 | 31 | 12 | 26 | |
| Chemicals | 4 | 7 | 6 | 8 | 8 | 12 | 10 | 6 | 12 | 19 | 14 | 15 | 17 | |
| Petroleum & Coal products | 0 | -20 | 0 | -18 | -9 | 0 | 0 | 0 | 0 | 0 | 7 | 13 | -6 | |
| Ceramics, Stone & Clay | 6 | 14 | 15 | 20 | 18 | 15 | 18 | 15 | 13 | 15 | 10 | 10 | 10 | |
| Iron & Steel | 3 | 0 | 6 | 11 | 17 | 3 | 13 | 19 | 11 | 5 | 15 | 13 | 16 | |
| Nonferrous metals | 8 | 5 | 7 | 10 | 10 | 9 | 16 | 3 | 13 | 19 | 0 | 6 | 9 | |
| Food & Beverages | 10 | 6 | 10 | 10 | 7 | 6 | 7 | 6 | 8 | 11 | 14 | 16 | 14 | |
| Processed metals | 14 | 14 | 11 | 9 | 9 | 14 | 8 | 11 | 17 | 25 | 26 | 26 | 23 | |
| General-purpose, Production & Business oriented machinery | 23 | 28 | 27 | 29 | 25 | 29 | 30 | 30 | 27 | 29 | 29 | 29 | 24 | |
| General-purpose machinery | 22 | 26 | 28 | 32 | 17 | 26 | 30 | 27 | 25 | 31 | 33 | 32 | 25 | |
| Production machinery | 24 | 29 | 32 | 29 | 32 | 37 | 35 | 33 | 29 | 27 | 31 | 29 | 29 | |
| Business oriented machinery | 24 | 30 | 16 | 23 | 23 | 19 | 19 | 23 | 23 | 32 | 22 | 22 | 11 | |
| Electrical machinery | 15 | 14 | 18 | 18 | 20 | 25 | 32 | 31 | 28 | 34 | 26 | 28 | 26 | |
| Transportation machinery | 15 | 14 | 12 | 13 | 13 | 17 | 17 | 15 | 17 | 23 | 19 | 17 | 17 | |
| Shipbuilding, Heavy machinery & Other transportation machinery | 11 | 11 | 11 | 11 | 17 | 26 | 26 | 15 | 20 | 25 | 22 | 22 | 17 | |
| Motor vehicles | 16 | 14 | 12 | 13 | 13 | 15 | 15 | 16 | 15 | 23 | 18 | 15 | 17 | |
| Other manufacturing | 12 | 21 | 19 | 21 | 16 | 17 | 21 | 24 | 25 | 29 | 22 | 23 | 27 | |
| Basic materials | 7 | 9 | 10 | 11 | 12 | 11 | 13 | 11 | 13 | 18 | 14 | 13 | 17 | |
| Processing | 16 | 17 | 18 | 19 | 18 | 20 | 22 | 23 | 21 | 26 | 24 | 24 | 22 | |
| Nonmanufacturing | 4 | 6 | 9 | 9 | 8 | 7 | 9 | 8 | 7 | 10 | 10 | 11 | 12 | |
| Construction | -6 | -6 | -3 | -2 | -1 | -7 | -1 | 2 | 0 | 2 | 3 | 0 | 3 | |
| Real estate, Goods rental & Leasing | -7 | 2 | 5 | 7 | 7 | 5 | 7 | 6 | 4 | 5 | 6 | 9 | 2 | |
| Real estate | -7 | 2 | 5 | 7 | 7 | 5 | 7 | 6 | 4 | 5 | 6 | 9 | 2 | |
| Wholesaling & Retailing | 12 | 13 | 15 | 14 | 12 | 11 | 13 | 11 | 12 | 15 | 14 | 16 | 16 | |
| Wholesaling | 16 | 15 | 16 | 11 | 13 | 14 | 12 | 10 | 10 | 16 | 16 | 20 | 18 | |
| Retailing | 6 | 10 | 13 | 15 | 10 | 8 | 14 | 14 | 12 | 12 | 11 | 11 | 16 | |
| Mining & Quarrying of stone and gravel | -18 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Medium-sized Enterprises31 | ||||||||||||||
| All industries | 10 | 16 | 15 | 15 | 16 | 16 | 18 | 16 | 17 | 18 | 20 | 18 | 19 | |
| Manufacturing | 12 | 19 | 20 | 19 | 20 | 20 | 22 | 21 | 23 | 24 | 24 | 24 | 26 | |
| Textiles | 23 | 24 | 30 | 33 | 31 | 35 | 37 | 31 | 38 | 32 | 33 | 33 | 33 | |
| Lumber & Wood products | 16 | 34 | 28 | 27 | 23 | 26 | 31 | 44 | 23 | 31 | 21 | 21 | 32 | |
| Pulp & Paper | 7 | 33 | 28 | 28 | 16 | 13 | 6 | 9 | 13 | 16 | 0 | 14 | 31 | |
| Chemicals | 0 | 8 | 6 | 11 | 11 | 17 | 19 | 16 | 21 | 19 | 29 | 31 | 33 | |
| Petroleum & Coal products | -10 | 16 | 30 | 16 | 15 | 6 | 10 | 15 | 25 | 20 | 11 | 16 | 11 | |
| Ceramics, Stone & Clay | 1 | 13 | 7 | 13 | 13 | 15 | 21 | 19 | 17 | 20 | 30 | 18 | 16 | |
| Iron & Steel | 12 | 22 | 24 | 22 | 23 | 22 | 19 | 23 | 31 | 25 | 35 | 33 | 37 | |
| Nonferrous metals | 10 | 5 | 11 | 10 | 23 | 22 | 17 | 12 | 22 | 23 | 26 | 30 | 27 | |
| Food & Beverages | 13 | 11 | 9 | 8 | 6 | 5 | 13 | 5 | 11 | 14 | 15 | 10 | 16 | |
| Processed metals | 10 | 22 | 26 | 24 | 24 | 24 | 21 | 21 | 23 | 21 | 19 | 10 | 21 | |
| General-purpose, Production & Business oriented machinery | 17 | 20 | 24 | 24 | 24 | 28 | 30 | 29 | 27 | 26 | 25 | 24 | 25 | |
| General-purpose machinery | 7 | 13 | 21 | 14 | 18 | 24 | 25 | 20 | 14 | 16 | 9 | 14 | 19 | |
| Production machinery | 19 | 21 | 24 | 26 | 15 | 20 | 23 | 27 | 27 | 23 | 23 | 20 | 17 | |
| Business oriented machinery | 25 | 27 | 28 | 34 | 45 | 45 | 49 | 42 | 45 | 41 | 46 | 38 | 41 | |
| Electrical machinery | 18 | 25 | 27 | 23 | 24 | 24 | 34 | 32 | 31 | 35 | 36 | 39 | 37 | |
| Transportation machinery | 9 | 14 | 10 | 11 | 12 | 10 | 9 | 12 | 14 | 14 | 16 | 18 | 17 | |
| Shipbuilding, Heavy machinery & Other transportation machinery | 18 | 10 | 14 | 13 | 10 | 7 | 10 | 10 | 10 | 10 | 13 | 16 | 16 | |
| Motor vehicles | 3 | 17 | 8 | 9 | 13 | 12 | 8 | 13 | 16 | 16 | 18 | 20 | 18 | |
| Other manufacturing | 17 | 30 | 25 | 26 | 27 | 20 | 18 | 24 | 21 | 26 | 22 | 25 | 25 | |
| Basic materials | 9 | 18 | 19 | 19 | 19 | 21 | 21 | 21 | 24 | 23 | 26 | 27 | 28 | |
| Processing | 14 | 20 | 20 | 19 | 20 | 19 | 23 | 22 | 22 | 24 | 23 | 23 | 24 | |
| Nonmanufacturing | 7 | 10 | 8 | 8 | 10 | 9 | 8 | 8 | 7 | 8 | 12 | 9 | 10 | |
| Construction | -7 | -2 | 0 | -2 | 4 | 1 | 0 | -3 | -6 | -5 | 1 | -3 | -6 | |
| Real estate, Goods rental & Leasing | -9 | -6 | -8 | -9 | -9 | -9 | -9 | -5 | -11 | -10 | -5 | -4 | -3 | |
| Real estate | -9 | -6 | -8 | -9 | -9 | -9 | -9 | -5 | -11 | -10 | -5 | -4 | -3 | |
| Wholesaling & Retailing | 16 | 18 | 15 | 15 | 15 | 16 | 15 | 14 | 14 | 15 | 19 | 15 | 17 | |
| Wholesaling | 24 | 25 | 21 | 19 | 20 | 20 | 21 | 22 | 22 | 23 | 28 | 24 | 26 | |
| Retailing | 2 | 6 | 5 | 7 | 7 | 10 | 6 | 1 | 2 | 2 | 5 | -2 | 0 | |
| Mining & Quarrying of stone and gravel | -7 | 0 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 7 | 21 | 21 | 7 | |
| Small Enterprises31 | ||||||||||||||
| All industries | 3 | 7 | 7 | 9 | 9 | 8 | 10 | 11 | 11 | 11 | 11 | 12 | 9 | |
| Manufacturing | 8 | 10 | 12 | 14 | 14 | 13 | 17 | 18 | 16 | 18 | 17 | 19 | 18 | |
| Textiles | 28 | 31 | 27 | 31 | 26 | 32 | 31 | 38 | 35 | 39 | 32 | 24 | 24 | |
| Lumber & Wood products | 23 | 17 | 9 | 8 | 12 | 13 | 18 | 22 | 19 | 17 | 20 | 28 | 28 | |
| Pulp & Paper | 7 | 14 | 21 | 28 | 21 | 20 | 27 | 19 | 27 | 26 | 32 | 36 | 32 | |
| Chemicals | 5 | 8 | 11 | 13 | 12 | 9 | 9 | 7 | 11 | 12 | 14 | 15 | 16 | |
| Petroleum & Coal products | -13 | 0 | 10 | 5 | 4 | 2 | 10 | 2 | 0 | 4 | -4 | 5 | 6 | |
| Ceramics, Stone & Clay | 7 | 5 | 11 | 10 | 11 | 7 | 19 | 23 | 15 | 7 | 11 | 16 | 9 | |
| Iron & Steel | 12 | 16 | 17 | 16 | 13 | 7 | 11 | 22 | 15 | 20 | 7 | 17 | 18 | |
| Nonferrous metals | 5 | 6 | 12 | 15 | 23 | 20 | 17 | 15 | 14 | 12 | 20 | 25 | 21 | |
| Food & Beverages | 1 | -4 | -5 | -5 | -4 | -5 | -1 | 4 | 4 | 5 | 4 | 9 | 5 | |
| Processed metals | 5 | 7 | 7 | 6 | 9 | 8 | 13 | 12 | 10 | 9 | 14 | 16 | 16 | |
| General-purpose, Production & Business oriented machinery | 7 | 10 | 16 | 21 | 19 | 20 | 23 | 24 | 19 | 21 | 17 | 19 | 17 | |
| General-purpose machinery | 4 | 8 | 19 | 20 | 14 | 18 | 15 | 14 | 9 | 17 | 19 | 26 | 23 | |
| Production machinery | 3 | 7 | 11 | 19 | 18 | 14 | 21 | 22 | 15 | 18 | 10 | 14 | 10 | |
| Business oriented machinery | 18 | 19 | 23 | 26 | 23 | 33 | 38 | 36 | 31 | 30 | 26 | 25 | 23 | |
| Electrical machinery | 9 | 9 | 14 | 20 | 20 | 25 | 25 | 24 | 28 | 25 | 31 | 31 | 26 | |
| Transportation machinery | 5 | 8 | 9 | 12 | 10 | 9 | 10 | 12 | 14 | 17 | 13 | 15 | 14 | |
| Shipbuilding, Heavy machinery & Other transportation machinery | 3 | 11 | 9 | 12 | 5 | 3 | 4 | 6 | 5 | 7 | 11 | 6 | 4 | |
| Motor vehicles | 8 | 6 | 9 | 12 | 16 | 18 | 18 | 21 | 25 | 30 | 16 | 22 | 24 | |
| Other manufacturing | 9 | 18 | 10 | 10 | 10 | 11 | 14 | 16 | 18 | 23 | 16 | 20 | 20 | |
| Basic materials | 11 | 13 | 15 | 17 | 16 | 14 | 17 | 20 | 17 | 19 | 17 | 20 | 20 | |
| Processing | 6 | 9 | 10 | 12 | 12 | 13 | 15 | 17 | 16 | 18 | 16 | 19 | 17 | |
| Nonmanufacturing | -2 | 2 | 3 | 3 | 3 | 2 | 3 | 3 | 4 | 4 | 4 | 4 | 1 | |
| Construction | -12 | -9 | -8 | -8 | -6 | -9 | -8 | -7 | -6 | -8 | -8 | -9 | -11 | |
| Real estate, Goods rental & Leasing | -2 | -1 | 2 | 0 | -2 | 2 | 1 | 5 | 7 | 4 | 5 | 5 | 5 | |
| Real estate | -2 | -1 | 2 | 0 | -2 | 2 | 1 | 5 | 7 | 4 | 5 | 5 | 5 | |
| Wholesaling & Retailing | 5 | 12 | 11 | 11 | 11 | 11 | 10 | 10 | 9 | 11 | 13 | 12 | 8 | |
| Wholesaling | 10 | 20 | 18 | 17 | 16 | 16 | 17 | 17 | 17 | 18 | 20 | 23 | 22 | |
| Retailing | -2 | 0 | 1 | 2 | 2 | 2 | -1 | 0 | -1 | 2 | 0 | -5 | -13 | |
| Mining & Quarrying of stone and gravel | 3 | -5 | 0 | -7 | -11 | 0 | 0 | 0 | 12 | 15 | 7 | 13 | 4 |
Latest reading
All industries stood at 6 % points in Q2 2026. That is −4.0 pp from Q1 2026 and −6.0 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
- 6 % points
- Q2 2026
- vs previous period
- −4.0 pp
- Q1 2026
- vs a year earlier
- −6.0 pp
About this data
Bank of Japan Tankan survey diffusion index of excessive minus insufficient inventory of finished goods and merchandise, by enterprise size and industry, actual results and forecasts for the next quarter. 124 series. Source: Bank of Japan, Time-Series Data Search.
