14.12.202523:50:00UTC+00Japan's Tankan Small Non-Manufacturers DI Holds Steady at 10 in Q4 2025

The Bank of Japan's recently updated Tankan survey indicates that the Small Non-Manufacturers Diffusion Index remains unchanged at 10 for the fourth quarter of 2025, as per data released on December 14, 2025. This stability follows the third quarter when the index also stood at 10, signaling a period of consistency within the non-manufacturing sector as businesses adapt to prevailing economic conditions.

The Tankan survey, which measures business sentiment in Japan, is a crucial indicator for economic stakeholders to assess the health of various sectors, particularly the small business segment outside of manufacturing. The unchanged reading suggests that there is cautious optimism amongst small non-manufacturers, reflecting a balance between the positives and challenges faced by these enterprises.

As the Japanese economy continues to navigate global economic uncertainties, this steadiness in sentiment among small non-manufacturers may be a hopeful sign of resilience. However, industry experts remain vigilant over potential headwinds that could shift this equilibrium in future quarters. With the next Tankan survey on the horizon, stakeholders will now be keenly observing any impending changes in the economic landscape that could influence these indexes.