The Bank of Japan's Tankan Survey for Q3. A survey of manufacturing and service companies designed to assess business conditions in Japan. The BOJ Tankan is conducted quarterly.

  • Tankan Large Manufacturing Index, 6 (expected 7, prior 6 )
  • Tankan Large Manufacturing Outlook, 6 (expected 8, prior was 6)
  • Tankan Large Non-Manufacturing Index, 18 (expected is 18, prior was 19)
  • Tankan Large Non-Manufacturing Outlook, 16 (expected is 18, prior was 17)
  • Tankan Large All Industry Capex: 6.3% (expected is +6.5%, prior was 6.2%)
  • Tankan Small Mfg Index: -3 (expected -5, prior was -5)
  • Tankan Small Mfg Outlook: -5 (expected -6, prior was -7)
  • Tankan Small Non-Mfg Index: 1 (expected 0, prior was 0)
  • Tankan Small Non-Mfg Outlook: -2 (expected -2, prior was -4)

With 8 results in my summary alone its hardly surprising that it's a mixed bag. Not uniformly bad, but not great either. Large firms in a much better place than smaller firms, but that's been a pattern for a long time now.


The Bank of Japan website has a lot more on these results, here