Japan Q3 2025 Tankan Small Manufacturing Outlook Index: Optimistic Prospects

The Bank of Japan released the Q3 2025 Tankan Small Manufacturing Outlook Index on July 1, 2025. The reported figure stood at 2, matching the forecast of 2 and up from the previous reading of 1.Data definition: Small enterprises are defined as wholesale businesses with capital below JPY 100 million and fewer than 100 employees, and manufacturing and other sectors with capital below JPY 300 million and fewer than 300 employees. The Tankan Small Manufacturing Outlook Index reflects survey responses regarding the business environment and economic growth expectations for small industrial firms in Japan for the upcoming quarter.This indicator is assigned an importance level of 1. The survey methodology involves polling approximately 10,000 companies nationwide each quarter. Respondents select from three options: good, somewhat bad, or bad. The data is released quarterly, with the next publication scheduled for October 2025.

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