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Japan Tankan Survey


What is the Tankan survey?

It is an economic survey of Japanese business which is conducted by the Bank of Japan (BoJ), the country's central bank, which uses the results to formulate monetary policy in Japan. The report is published four times a year in April, July, October and mid-December.


Tankan is an abbreviation for kigyo tanki keizai kansoku chōsa (which literally means Short Term Economic Observation). It's basically a survey that measures the confidence of the business sector in Japan so that shows the status of the economy. Therefore, it is one of the key financial indicators in Japan and has considerable influence in Japanese share prices and in the exchange rate of the yen against other currencies like the US dollar.

The component "index of large manufacturers' of Tankan survey is considered "a major gauge of economic growth."

How the Tankan survey is conducted?

The survey covers thousands of Japanese companies with a certain minimum capital, although firms deemed sufficiently influential may also be included. The companies are asked about current trends and conditions in their place of business and their respective industries and the business activities expected for the next quarter and next year.

Financial instruments that are influenced by the results of the Tankan survey

  • Shares of the stock market in Japan.
  • The Nikkei 225 index.
  • Currency pairs including the Japanese yen as the USD/JPY, EUR/JPY, GBP/JPY, etc.



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