Small Business Sentiment in Japan decreased to 1 points in the second quarter of 2025 from 2 points in the first quarter of 2025. Small Business Sentiment in Japan averaged -7.03 points from 1967 until 2025, reaching an all time high of 46.00 points in the third quarter of 1973 and a record low of -60.00 points in the fourth quarter of 1998. source: Bank of Japan

Small Business Sentiment in Japan is expected to be 1.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Small Business Sentiment is projected to trend around 1.00 points in 2026 and 3.00 points in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-03-31 11:50 PM
Tankan Small Manufacturers Index
Q1 2 1 -1 0
2025-06-30 11:50 PM
Tankan Small Manufacturers Index
Q2 1 2 -1 1
2025-09-30 11:50 PM
Tankan Small Manufacturers Index
Q3 1


Related Last Previous Unit Reference
Tankan Large Manufacturers Index 13.00 12.00 points Jun 2025
Tankan Small Manufacturers Index 1.00 2.00 points Jun 2025
Tankan Large All Industry Capex 11.50 3.10 percent Jun 2025
Tankan Large Manufacturing Outlook 12.00 12.00 points Jun 2025
Tankan Non-Manufacturing Outlook 27.00 28.00 points Jun 2025

Japan Small Business Sentiment
Tankan Business Conditions Small Manufacturing Enterprises Diffusion Index is based on the survey of approximately 220,000 private enterprises (excluding financial institutions) with at least 20 million yen in capital. 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.
Actual Previous Highest Lowest Dates Unit Frequency
1.00 2.00 46.00 -60.00 1967 - 2025 points Quarterly
NSA