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Japan Tankan Large Non Manufacturers Index

The Japan Tankan Index for Large Non-Manufacturing Companies remained unchanged at 34 points in Q3 2025 from Q2 2025. This stability reflects a 0% increase. The unchanging index is due to balanced domestic demand and cautious global economic sentiment. Economic growth and private investment rebounded. However, international trade policy concerns and overseas economic slowdowns limited optimism. Japan's record low Japan Tankan Index For Large Non Manufacturing Companies was -17 points in Q2 2020 and record high was 35 points in Q1 2025.

Quarterly Historical Data (2015-2025)

(in points)
Quarter Tankan Large Non Manufacturers Index (points)
Q3 2025 34
Q2 2025 34
Q1 2025 35
Q4 2024 33
Q3 2024 34
Q2 2024 33
Q1 2024 34
Q4 2023 30
Q3 2023 27
Q2 2023 23
Q1 2023 20
Q4 2022 19
Q3 2022 14
Q2 2022 13
Q1 2022 9
Q4 2021 9
Q3 2021 2
Q2 2021 1
Q1 2021 -1
Q4 2020 -5
Q3 2020 -12
Q2 2020 -17
Q1 2020 8
Q4 2019 20
Q3 2019 21
Q2 2019 23
Q1 2019 21
Q4 2018 24
Q3 2018 22
Q2 2018 24
Q1 2018 23
Q4 2017 25
Q3 2017 23
Q2 2017 23
Q1 2017 20
Q4 2016 18
Q3 2016 18
Q2 2016 19
Q1 2016 22
Q4 2015 25
Q3 2015 25

Recent Events

datetime event actual previous consensus
2025-09-30 07:50 PM Tankan Large Non-Manufacturing Index (Q3) 34 34 34
Japan Tankan Large Non Manufacturers Index : Definition
The Tankan index for large non manufacturing companies in Japan measures business sentiment among major firms in Japan's service sector. It is calculated as the percentage of companies reporting favorable conditions minus the percentage reporting unfavorable conditions. A positive reading indicates more optimism than pessimism.