Business confidence · Japan
Japan Tankan Non-Manufacturing Outlook
The Japan Tankan Non-Manufacturing Outlook asks companies in Japan how they judge current business conditions and what they expect for the coming months.
- Importancia
- Medium
- Publicado
- Quarterly
- Próxima publicación
- Divisa
- JPY · Japanese yen
- Banco central
- The Bank of Japan
Últimas cifras
El último dato, de Q3, se publicó el 2026-09-30 y fue 30. Está en línea con el consenso de 30. Es más que 28 la vez anterior.
Un resultado en línea con el consenso suele provocar poca reacción: ya estaba descontado.
En las últimas 7 publicaciones osciló entre 27 y 30, con una media de 28.
| Publicado | Para | Real | Consenso | Anterior |
|---|---|---|---|---|
| 30 Sep 2026 | Q3 | 30 | 30 | 28 |
| 30 Jun 2026 | Q2 | 28 | 30 | 29 |
| 31 Mar 2026 | Q1 | 29 | 28 | 28 |
| 14 Dec 2025 | Q4 | 28 | 28 | 28 |
| 30 Sep 2025 | Q3 | 28 | 29 | 27 |
| 30 Jun 2025 | Q2 | 27 | 29 | 28 |
| 31 Mar 2025 | Q1 | 28 | 29 | 28 |
Por qué importa
Confidence leads hiring and investment decisions, so these surveys often turn before the hard data. Germany's Ifo and ZEW, and Japan's Tankan, are among the most market-moving releases for the euro and the yen.
Cómo se calcula
Survey answers (better/same/worse) are turned into a balance (positive minus negative answers) or an index around a long-run average of 100; the release separates current conditions from expectations.
Qué significan los cambios
- The expectations component turns first; watch its direction over several months.
- A gap between strong current conditions and weak expectations often marks a peak.
Mayor de lo esperado: A stronger figure than expected points to a healthier economy: it usually supports the Japanese yen and local stocks, and can push bond yields up.
Menor de lo esperado: A weaker figure than expected points to slowing activity: the Japanese yen tends to soften and markets price in lower rates.
Una breve historia
Business tendency surveys began in Germany (Ifo) and other European countries after the Second World War; the Bank of Japan's Tankan has been run for decades, and the ZEW financial-expert survey since 1991.
Preguntas
What is the Japan Tankan Non-Manufacturing Outlook?
The Japan Tankan Non-Manufacturing Outlook asks companies in Japan how they judge current business conditions and what they expect for the coming months.
What was the latest Japan Tankan Non-Manufacturing Outlook?
30 for Q3, published on 30 September 2026 (consensus 30, previous 28).
When is the next Japan Tankan Non-Manufacturing Outlook?
On Sunday 13 December 2026 at 23:50 UTC.
Solo contenido educativo, no asesoramiento de inversión. Las cifras son los resultados publicados según los registra nuestro calendario; las reacciones del mercado descritas son típicas, no garantizadas.