Japan Q3 2025 Tankan Large Non-Manufacturing Business Conditions Index: Stable Operating Environment

The Bank of Japan released the Q3 2025 Tankan Large Non-Manufacturing Business Conditions Index on October 1, 2025. The actual reading was 34, in line with both the forecast and previous value of 34.This index reflects the Bank of Japan’s assessment of business conditions and the economic outlook for large enterprises, primarily serving as a gauge for the health of the services sector. Regarding market impact, the index indicates corporate expectations for future economic activity.The importance of this data is rated at level 2. It is compiled through a survey of leading companies outside the financial sector. The index is published quarterly, with the next release scheduled for January 2026.

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