Japan Q3 2025 Tankan Index Released: Outlook for Small Non-Manufacturers Slightly Declines

The Bank of Japan released the Q3 2025 Tankan Diffusion Index for small non-manufacturing enterprises on July 1, 2025. The reported value was 14, in line with the forecast of 14, compared to the previous reading of 15.This index reflects small service-sector firms' expectations for economic growth and business conditions in the coming quarter. The data carries an importance rating of 1 and is compiled quarterly based on a survey of approximately 10,000 companies.The index is published every quarter, with the next release scheduled for October 2025.

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