Japan Q3 2025 Tankan Small Manufacturing Index: Economic Outlook Remains Subdued

The Bank of Japan released the Q3 2025 Tankan Small Manufacturing Index on October 1, 2025. The reported value was 1, compared to a forecast of 2 and a previous reading of 1.This index is derived from a survey of small enterprises, including those in wholesale and manufacturing, and reflects expectations for the business environment and economic growth among Japan’s small industrial firms for the upcoming quarter. In terms of market impact, this indicator provides insight into future economic trends.The index carries an importance rating of 1. The data is compiled quarterly from a nationwide survey of approximately 10,000 companies, with respondents choosing between “good,” “not so good,” or “bad.” The index is released every quarter, with the next publication scheduled for January 2026.

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