Non Manufacturing PMI in Japan decreased to 35 points in the third quarter of 2026 from 37 points in the second quarter of 2026. Non Manufacturing PMI in Japan averaged 7.75 points from 1983 until 2026, reaching an all time high of 57.00 points in the third quarter of 1990 and a record low of -41.00 points in the fourth quarter of 1998. source: Bank of Japan

Non Manufacturing PMI in Japan is expected to be 35.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Tankan Index For Large Non Manufacturing Companies is projected to trend around 38.00 points in 2027 and 40.00 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Tankan Large Manufacturers Index 24.00 22.00 points Sep 2026
Tankan Small Manufacturers Index 14.00 9.00 points Sep 2026
Tankan Large All Industry Capex 11.30 11.50 percent Sep 2026
Tankan Large Manufacturing Outlook 21.00 17.00 points Sep 2026
Tankan Non-Manufacturing Outlook 30.00 28.00 points Sep 2026


Japan Tankan Index For Large Non Manufacturing Companies
In Japan, the quarterly Tankan Survey of Business Conditions for Large Non-Manufacturers covers about 1,050 companies with capital over 1 billion Yen, operating in the non-manufacturing sector. The survey is done by mail or e-mail and asks participants to evaluate current trends and conditions in the business place and their respective industries as well as their expected business activities for the next quarter and year. The indicator is calculated by subtracting the percentage share of enterprises responding on the negative side from the share giving positive assessments. The index varies on a scale of -100 to 100 such that a value above zero indicates business optimism, a value below zero pessimism and 0 indicates neutrality.