The Tankan Large All Industry Capital Expenditure (Capex) is a critical component of the Bank of Japan's quarterly Tankan survey. It represents the percentage change in planned capital spending by large Japanese corporations across all sectors for the current fiscal year. This indicator is a forward-looking measure of business confidence and future economic capacity. High readings suggest that companies are optimistic about future demand and are willing to invest in infrastructure and equipment, which supports long-term GDP growth.
The data is collected through a survey of thousands of large Japanese firms. The figure is calculated as the year-on-year percentage change in planned investment for the current fiscal year compared to the actual investment of the previous year.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Jun 30, 2026 | 11.50 | 1.00 | +10.50 |
| Dec 14, 2025 | 12.60 | 12.00 | +0.60 |
| Sep 30, 2025 | 12.50 | 5.00 | +7.50 |
| Jun 30, 2025 | 11.50 | 3.40 | +8.10 |
| Mar 31, 2025 | 3.10 | 11.00 | -7.90 |
| Dec 12, 2024 | 11.30 | 9.60 | +1.70 |
| Sep 30, 2024 | 10.60 | 11.90 | -1.30 |
| Jun 30, 2024 | 11.10 | 5.00 | +6.10 |
| Mar 31, 2024 | 4.00 | 9.20 | -5.20 |
| Dec 12, 2023 | 13.50 | 12.40 | +1.10 |
| Oct 1, 2023 | 13.60 | 13.60 | 0.00 |
| Jul 2, 2023 | 13.40 | 10.10 | +3.30 |
| Apr 2, 2023 | 3.20 | 18.00 | -14.80 |
| Dec 13, 2022 | 19.20 | 23.00 | -3.80 |
| Oct 2, 2022 | 21.50 | 3.00 | +18.50 |
| Jun 30, 2022 | 18.60 | 1.10 | +17.50 |
| Mar 31, 2022 | 2.20 | — | — |
| Dec 12, 2021 | 9.30 | 9.80 | -0.50 |
| Sep 30, 2021 | 10.10 | 9.10 | +1.00 |
