Bank of Japan Tankan Survey – June 2025 Highlights
Large Manufacturers (June): +13 (forecast: +10). +13 is the highest since December last year.
Large Non-Manufacturers (June): +34 (forecast: +34) +34 is the lowest since December last year
Small Manufacturers (June): +1 (forecast: -1)
Small Non-Manufacturers (June): +15 (forecast: +15)
Currency Assumptions (FY2025/26):
All Firms – USD: ¥145.72
Other Indicators:
All Firms Financial Conditions Index (June): +11 (vs March: +10)
Recurring Profits – Large Manufacturers (FY2025/26): -8.4%
Large Firms: +11.5% (forecast: +10.0%)
BoJ Tankan – Corporate Price Expectations (June 2025):
1-Year Inflation Outlook: Firms expect consumer prices to rise 2.4% over the next year (previous survey: +2.5%)
3-Year Inflation Outlook: Firms expect consumer prices to rise 2.4% annually over the next three years (unchanged from previous survey)
5-Year Inflation Outlook: Firms expect consumer prices to rise 2.3% annually over the next five years (unchanged from previous survey)
more to come
Earlier preview:
The Bank of Japan Tankan report is due soon, here are the Reuters results as a previewBank of Japan Governor Ueda
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