The Tankan Small Non-Manufacturing Index is a key indicator of business sentiment among small-sized service and non-industrial companies in Japan. Released by the Bank of Japan, it reflects the difference between the percentage of companies reporting favorable business conditions and those reporting unfavorable ones. This index is crucial for understanding the health of the domestic economy, as small businesses represent a significant portion of Japan's employment and economic activity.
The index is calculated by subtracting the percentage of respondents who say business conditions are 'bad' from those who say they are 'good.' It is based on a quarterly survey of thousands of Japanese companies categorized by size and industry.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Jun 30, 2026 | 15.00 | — | — |
| Mar 31, 2026 | 16.00 | — | — |
| Dec 14, 2025 | 15.00 | 15.00 | 0.00 |
| Sep 30, 2025 | 14.00 | — | — |
| Jun 30, 2025 | 15.00 | — | — |
| Mar 31, 2025 | 16.00 | — | — |
| Dec 12, 2024 | 16.00 | 11.00 | +5.00 |
| Jun 30, 2024 | 12.00 | — | — |
| Dec 13, 2016 | 2.00 | 2.00 | 0.00 |
