Japan Tankan Wholesalers' Inventory DI
Bank of Japan Tankan survey diffusion index of excessive minus insufficient wholesalers' inventory, by enterprise size and industry, actual results and forecasts for the next quarter. 100 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 Enterprises25 | ||||||||||||||
| All industries | 5 | 10 | 12 | 13 | 13 | 15 | 16 | 16 | 16 | 17 | 16 | 17 | 13 | |
| Manufacturing | 6 | 10 | 12 | 13 | 14 | 15 | 16 | 17 | 16 | 17 | 16 | 17 | 15 | |
| Textiles | 37 | 42 | 41 | 39 | 40 | 41 | 45 | 47 | 46 | 43 | 44 | 43 | 43 | |
| Lumber & Wood products | 17 | 27 | 22 | 22 | 25 | 24 | 26 | 31 | 20 | 26 | 18 | 27 | 28 | |
| Pulp & Paper | 10 | 17 | 19 | 15 | 15 | 16 | 14 | 18 | 19 | 28 | 27 | 29 | 27 | |
| Chemicals | -5 | 2 | 2 | 5 | 3 | 5 | 7 | 4 | 7 | 10 | 12 | 13 | 14 | |
| Petroleum & Coal products | -13 | 4 | 9 | 13 | 8 | 8 | 9 | 12 | 12 | 10 | 7 | 13 | 12 | |
| Ceramics, Stone & Clay | 3 | 5 | 9 | 8 | 8 | 6 | 11 | 11 | 10 | 11 | 10 | 14 | 14 | |
| Iron & Steel | 19 | 18 | 25 | 24 | 23 | 25 | 26 | 28 | 20 | 23 | 15 | 17 | 20 | |
| Nonferrous metals | 0 | 5 | 10 | 11 | 16 | 18 | 16 | 16 | 17 | 20 | 17 | 23 | 16 | |
| Food & Beverages | 4 | 4 | 4 | 4 | 4 | 7 | 8 | 8 | 7 | 9 | 11 | 11 | 7 | |
| Processed metals | 7 | 11 | 13 | 13 | 17 | 12 | 16 | 18 | 15 | 13 | 16 | 16 | 15 | |
| General-purpose, Production & Business oriented machinery | 2 | 9 | 13 | 15 | 15 | 16 | 16 | 17 | 14 | 15 | 15 | 12 | 9 | |
| General-purpose machinery | -4 | 6 | 7 | 10 | 11 | 12 | 11 | 12 | 11 | 12 | 14 | 12 | 9 | |
| Production machinery | 3 | 7 | 13 | 17 | 17 | 17 | 18 | 19 | 17 | 16 | 15 | 13 | 6 | |
| Business oriented machinery | 4 | 12 | 16 | 16 | 15 | 20 | 18 | 17 | 15 | 16 | 12 | 12 | 12 | |
| Electrical machinery | 4 | 8 | 13 | 15 | 17 | 20 | 25 | 23 | 25 | 26 | 25 | 23 | 18 | |
| Transportation machinery | 0 | 3 | 2 | 5 | 7 | 6 | 7 | 5 | 5 | 4 | 2 | 0 | -1 | |
| Shipbuilding, Heavy machinery & Other transportation machinery | -5 | 1 | 2 | 3 | 3 | 1 | 1 | 3 | 6 | 7 | 10 | 4 | 4 | |
| Motor vehicles | 2 | 3 | 2 | 5 | 9 | 9 | 9 | 6 | 5 | 2 | -2 | -4 | -3 | |
| Other manufacturing | 6 | 12 | 14 | 13 | 15 | 12 | 14 | 16 | 18 | 20 | 19 | 19 | 16 | |
| Basic materials | 8 | 15 | 16 | 17 | 17 | 18 | 19 | 20 | 19 | 21 | 19 | 21 | 21 | |
| Processing | 3 | 8 | 10 | 11 | 12 | 13 | 15 | 15 | 15 | 15 | 14 | 14 | 10 | |
| Nonmanufacturing | -6 | -9 | -5 | -5 | -7 | -2 | -5 | -2 | 2 | 9 | -2 | -10 | -8 | |
| Mining & Quarrying of stone and gravel | -6 | -9 | -5 | -5 | -7 | -2 | -5 | -2 | 2 | 9 | -2 | -10 | -8 | |
| Large Enterprises25 | ||||||||||||||
| All industries | 6 | 9 | 10 | 10 | 11 | 12 | 13 | 12 | 12 | 15 | 13 | 13 | 10 | |
| Manufacturing | 6 | 9 | 10 | 10 | 11 | 12 | 13 | 12 | 12 | 15 | 13 | 14 | 10 | |
| Textiles | 29 | 30 | 21 | 21 | 17 | 13 | 8 | 9 | 13 | 20 | 26 | 23 | 23 | |
| Lumber & Wood products | 31 | 31 | 33 | 33 | 33 | 33 | 17 | 25 | 17 | 17 | 7 | 14 | 14 | |
| Pulp & Paper | 13 | 8 | 12 | 8 | 7 | 15 | 11 | 19 | 11 | 23 | 28 | 16 | 19 | |
| Chemicals | -3 | 3 | 1 | 4 | 5 | 9 | 7 | 6 | 8 | 16 | 18 | 17 | 16 | |
| Petroleum & Coal products | 0 | -11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 0 | 0 | 7 | |
| Ceramics, Stone & Clay | 6 | 9 | 13 | 8 | 10 | 7 | 13 | 10 | 8 | 10 | 7 | 10 | 12 | |
| Iron & Steel | 12 | 12 | 17 | 20 | 8 | 14 | 27 | 31 | 17 | 24 | 21 | 18 | 18 | |
| Nonferrous metals | -3 | 6 | 10 | 10 | 13 | 22 | 16 | 16 | 16 | 16 | 13 | 21 | 9 | |
| Food & Beverages | 6 | 3 | 6 | 5 | 6 | 6 | 5 | 7 | 8 | 6 | 8 | 10 | 7 | |
| Processed metals | 5 | 8 | 9 | 12 | 6 | 15 | 12 | 9 | 17 | 17 | 12 | 15 | 18 | |
| General-purpose, Production & Business oriented machinery | 11 | 17 | 16 | 15 | 12 | 13 | 17 | 16 | 13 | 12 | 14 | 13 | 9 | |
| General-purpose machinery | 6 | 16 | 16 | 15 | 6 | 10 | 13 | 9 | 7 | 13 | 17 | 14 | 17 | |
| Production machinery | 13 | 17 | 19 | 20 | 18 | 18 | 24 | 24 | 21 | 17 | 17 | 18 | 10 | |
| Business oriented machinery | 13 | 16 | 6 | 7 | 3 | 3 | 6 | 10 | 3 | 0 | 3 | 5 | -3 | |
| Electrical machinery | 3 | 9 | 10 | 12 | 15 | 20 | 23 | 18 | 19 | 28 | 19 | 16 | 13 | |
| Transportation machinery | 5 | 4 | 5 | 5 | 7 | 9 | 8 | 2 | 1 | -4 | -1 | -5 | -8 | |
| Shipbuilding, Heavy machinery & Other transportation machinery | 6 | 6 | 11 | 11 | 11 | 11 | 11 | 5 | 10 | 10 | 26 | 26 | 13 | |
| Motor vehicles | 5 | 2 | 3 | 4 | 5 | 8 | 6 | 2 | -1 | -6 | -9 | -12 | -13 | |
| Other manufacturing | 10 | 9 | 13 | 12 | 16 | 12 | 15 | 17 | 17 | 19 | 24 | 27 | 16 | |
| Basic materials | 4 | 9 | 10 | 10 | 9 | 13 | 12 | 12 | 10 | 16 | 17 | 15 | 15 | |
| Processing | 7 | 9 | 11 | 11 | 11 | 13 | 15 | 13 | 12 | 13 | 12 | 12 | 8 | |
| Nonmanufacturing | -21 | -14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Mining & Quarrying of stone and gravel | -21 | -14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Medium-sized Enterprises25 | ||||||||||||||
| All industries | 7 | 14 | 15 | 14 | 16 | 15 | 19 | 19 | 19 | 21 | 18 | 18 | 18 | |
| Manufacturing | 7 | 14 | 15 | 15 | 16 | 15 | 19 | 19 | 19 | 21 | 20 | 19 | 18 | |
| Textiles | 36 | 36 | 38 | 32 | 38 | 35 | 43 | 41 | 44 | 40 | 48 | 52 | 44 | |
| Lumber & Wood products | 13 | 39 | 32 | 38 | 36 | 30 | 34 | 52 | 46 | 44 | 36 | 50 | 52 | |
| Pulp & Paper | 10 | 28 | 21 | 15 | 16 | 19 | 12 | 18 | 18 | 25 | 34 | 40 | 40 | |
| Chemicals | -7 | 2 | 3 | 9 | 4 | 6 | 11 | 2 | 10 | 11 | 9 | 17 | 20 | |
| Petroleum & Coal products | -16 | 11 | 10 | 21 | 20 | 11 | 15 | 25 | 25 | 30 | 22 | 21 | 16 | |
| Ceramics, Stone & Clay | 0 | 2 | 10 | 8 | 2 | 10 | 12 | 12 | 6 | 17 | 14 | 18 | 14 | |
| Iron & Steel | 22 | 28 | 35 | 37 | 37 | 36 | 33 | 31 | 28 | 29 | 25 | 21 | 27 | |
| Nonferrous metals | 2 | 5 | 11 | 11 | 13 | 12 | 12 | 13 | 17 | 18 | 22 | 20 | 24 | |
| Food & Beverages | 14 | 15 | 13 | 14 | 12 | 13 | 18 | 16 | 13 | 17 | 16 | 11 | 15 | |
| Processed metals | 8 | 17 | 15 | 13 | 14 | 10 | 16 | 22 | 18 | 18 | 14 | 10 | 8 | |
| General-purpose, Production & Business oriented machinery | 4 | 7 | 10 | 11 | 14 | 15 | 15 | 16 | 15 | 16 | 14 | 8 | 7 | |
| General-purpose machinery | -4 | 0 | 4 | 6 | 13 | 17 | 13 | 17 | 13 | 17 | 5 | 5 | 5 | |
| Production machinery | 8 | 8 | 9 | 12 | 12 | 11 | 13 | 12 | 13 | 11 | 16 | 10 | 3 | |
| Business oriented machinery | 6 | 13 | 15 | 15 | 20 | 18 | 18 | 21 | 21 | 23 | 19 | 9 | 14 | |
| Electrical machinery | 10 | 18 | 22 | 20 | 23 | 22 | 31 | 32 | 35 | 35 | 39 | 38 | 33 | |
| Transportation machinery | 1 | 2 | -1 | 3 | 7 | -1 | 4 | 0 | 3 | -2 | -3 | 0 | -1 | |
| Shipbuilding, Heavy machinery & Other transportation machinery | 0 | 0 | -4 | 3 | 0 | -16 | -3 | -3 | 0 | 0 | 0 | 0 | 0 | |
| Motor vehicles | 1 | 3 | 0 | 3 | 9 | 7 | 8 | 2 | 3 | -3 | -4 | 0 | -1 | |
| Other manufacturing | 1 | 10 | 13 | 10 | 9 | 9 | 10 | 17 | 18 | 18 | 17 | 13 | 14 | |
| Basic materials | 9 | 18 | 19 | 20 | 19 | 20 | 22 | 22 | 23 | 24 | 24 | 28 | 27 | |
| Processing | 6 | 11 | 12 | 12 | 14 | 12 | 17 | 18 | 18 | 18 | 17 | 14 | 13 | |
| Nonmanufacturing | -8 | -17 | -8 | -8 | -8 | -8 | -8 | -17 | 0 | 0 | -15 | -23 | -31 | |
| Mining & Quarrying of stone and gravel | -8 | -17 | -8 | -8 | -8 | -8 | -8 | -17 | 0 | 0 | -15 | -23 | -31 | |
| Small Enterprises25 | ||||||||||||||
| All industries | 3 | 8 | 12 | 13 | 14 | 16 | 17 | 18 | 17 | 17 | 16 | 16 | 14 | |
| Manufacturing | 3 | 8 | 12 | 13 | 14 | 16 | 17 | 18 | 17 | 16 | 16 | 17 | 14 | |
| Textiles | 40 | 46 | 46 | 47 | 46 | 49 | 55 | 59 | 55 | 50 | 48 | 45 | 48 | |
| Lumber & Wood products | 17 | 19 | 16 | 13 | 19 | 21 | 24 | 25 | 11 | 21 | 15 | 23 | 22 | |
| Pulp & Paper | 10 | 14 | 21 | 19 | 18 | 14 | 16 | 19 | 24 | 32 | 24 | 29 | 24 | |
| Chemicals | -7 | 1 | 1 | 4 | 1 | 1 | 5 | 3 | 6 | 5 | 9 | 8 | 9 | |
| Petroleum & Coal products | -14 | 5 | 10 | 12 | 5 | 8 | 7 | 10 | 9 | 2 | 5 | 13 | 12 | |
| Ceramics, Stone & Clay | 4 | 5 | 4 | 9 | 10 | 4 | 9 | 11 | 14 | 7 | 9 | 14 | 14 | |
| Iron & Steel | 19 | 15 | 22 | 18 | 20 | 24 | 24 | 26 | 18 | 20 | 8 | 15 | 19 | |
| Nonferrous metals | 0 | 6 | 9 | 13 | 19 | 19 | 17 | 16 | 17 | 24 | 17 | 23 | 13 | |
| Food & Beverages | -3 | -4 | -4 | -3 | -3 | 2 | 1 | 2 | 5 | 5 | 8 | 13 | 1 | |
| Processed metals | 6 | 8 | 13 | 12 | 21 | 11 | 17 | 19 | 12 | 9 | 18 | 20 | 17 | |
| General-purpose, Production & Business oriented machinery | -5 | 5 | 13 | 15 | 17 | 19 | 17 | 17 | 15 | 16 | 15 | 14 | 9 | |
| General-purpose machinery | -9 | 4 | 4 | 8 | 14 | 9 | 9 | 12 | 12 | 9 | 17 | 17 | 9 | |
| Production machinery | -4 | 3 | 12 | 17 | 19 | 20 | 16 | 21 | 16 | 17 | 13 | 11 | 4 | |
| Business oriented machinery | -1 | 10 | 20 | 20 | 17 | 28 | 23 | 17 | 16 | 20 | 15 | 17 | 17 | |
| Electrical machinery | 1 | 0 | 9 | 12 | 15 | 20 | 22 | 21 | 22 | 16 | 20 | 19 | 12 | |
| Transportation machinery | -5 | 2 | 3 | 5 | 7 | 9 | 6 | 12 | 11 | 13 | 9 | 1 | 3 | |
| Shipbuilding, Heavy machinery & Other transportation machinery | -8 | 0 | 3 | 2 | 3 | 5 | 2 | 5 | 8 | 10 | 9 | 0 | 3 | |
| Motor vehicles | -2 | 4 | 4 | 9 | 13 | 13 | 13 | 19 | 14 | 18 | 8 | 4 | 5 | |
| Other manufacturing | 7 | 14 | 15 | 17 | 19 | 14 | 16 | 16 | 18 | 22 | 17 | 19 | 15 | |
| Basic materials | 10 | 15 | 17 | 18 | 18 | 19 | 22 | 23 | 21 | 21 | 17 | 22 | 21 | |
| Processing | -1 | 4 | 8 | 10 | 13 | 14 | 14 | 15 | 14 | 14 | 14 | 14 | 9 | |
| Nonmanufacturing | 0 | -5 | -4 | -3 | -7 | 0 | -4 | 4 | 4 | 15 | 4 | -6 | 0 | |
| Mining & Quarrying of stone and gravel | 0 | -5 | -4 | -3 | -7 | 0 | -4 | 4 | 4 | 15 | 4 | -6 | 0 |
Latest reading
All industries stood at 5 % points in Q2 2026. That is −5.0 pp from Q1 2026 and −8.0 pp from a year earlier. The series on this page is quarterly and runs from Q1 1997 to Q2 2026. Source: Bank of Japan – Time-Series Data Search.
- Latest
- 5 % points
- Q2 2026
- vs previous period
- −5.0 pp
- Q1 2026
- vs a year earlier
- −8.0 pp
About this data
Bank of Japan Tankan survey diffusion index of excessive minus insufficient wholesalers' inventory, by enterprise size and industry, actual results and forecasts for the next quarter. 100 series. Source: Bank of Japan, Time-Series Data Search.
