Flag of jp

Japan Business Confidence

Japan's business confidence rose to 14 points in Q3 2025, reaching its highest level in three quarters. This is an increase from 13 points in Q2 2025. The improvement is attributed to a trade deal between Japan and the United States which reduced concerns over US tariffs. This clarity allows business managers to plan more effectively and the economy is overcoming trade tensions. Large Japanese enterprises plan a 12.5% increase in capital expenditure for the fiscal year ending March 2026. Japan's record low business confidence was -34 points in Q2 2020 and record high was 26 points in Q4 2017.

Quarterly Historical Data (2015-2025)

(in points)
Quarter Business Confidence (points)
Q3 2025 14
Q2 2025 13
Q1 2025 12
Q4 2024 14
Q3 2024 13
Q2 2024 13
Q1 2024 11
Q4 2023 12
Q3 2023 9
Q2 2023 5
Q1 2023 1
Q4 2022 7
Q3 2022 8
Q2 2022 9
Q1 2022 14
Q4 2021 18
Q3 2021 18
Q2 2021 14
Q1 2021 5
Q4 2020 -10
Q3 2020 -27
Q2 2020 -34
Q1 2020 -8
Q4 2019 0
Q3 2019 5
Q2 2019 7
Q1 2019 12
Q4 2018 19
Q3 2018 19
Q2 2018 21
Q1 2018 24
Q4 2017 26
Q3 2017 22
Q2 2017 17
Q1 2017 12
Q4 2016 10
Q3 2016 6
Q2 2016 6
Q1 2016 6
Q4 2015 12
Q3 2015 12

Recent Events

datetime event actual previous consensus
2025-09-30 07:50 PM Tankan Large Manufacturers Index (Q3) 14 13 15
Japan Business Confidence : Definition
Japan business confidence gauges Japanese firms views on economic conditions. The Bank of Japan calculates it using a survey diffusion index. This index equals the percentage of positive responses minus the percentage of negative responses. A positive value shows greater optimism.