The Bank of Japan is the central bank of Japan.
HOME > Index by Information Type > Statistics > Bank of Japan Statistics > TANKAN > Outline > TANKAN Outline (June 2006)
TANKAN Outline (June 2006)
July 3, 2006
Bank of Japan
Research and Statistics Department
Click here for the TANKAN Summary.
Number of Sample Enterprises
Manu- Nonmanu- Total (Response
facturing facturing rate)
All Enterprises 4,121 5,843 9,964 ( 98.1%)
of which Large Enterprises 1,175 1,200 2,375 ( 99.1%)
Medium-sized Enterprises 1,113 1,571 2,684 ( 97.9%)
Small Enterprises 1,833 3,072 4,905 ( 97.7%)
[Responding Period: May 31 to June 30]
Memo: Average of predicted exchange rates expected by large manufacturing enterprises
(yen per US dollar)
March 2006 Survey June 2006 Survey
FY2005 109.57 111.47
1H 108.46 108.60
2H 110.62 114.07
FY2006 110.60 111.09
1H 110.58 111.19
2H 110.61 110.99
[Business Conditions]
(Diffusion index of "Favorable" minus "Unfavorable", %points)
March 2006 June 2006 Change Sept. 2006 Change
between (Forecast) between
March and June and
June Sept.
[Large Enterprises]
( 22)
Manufacturing 20 21 + 1 22 + 1
( 19)
Nonmanufacturing 18 20 + 2 21 + 1
[Medium-sized Enterprises]
( 12)
Manufacturing 12 13 + 1 13 0
( 5)
Nonmanufacturing 3 4 + 1 6 + 2
[Small Enterprises]
( 9)
Manufacturing 7 7 0 7 0
(- 8)
Nonmanufacturing - 9 - 6 + 3 - 9 - 3
[All Enterprises]
( 6)
All industries 5 6 + 1 6 0
(Notes) 1. FY...fiscal year (April - March of the following year)
1H...first half (April - September)
2H...second half (October - March of the following year).
2. Figures in parentheses are forecasts made in the previous survey.
[Supply and Demand Conditions, Inventories, and Prices (Manufacturing)]
(%points)
March 2006 June 2006 Change Sept. 2006 Change
between (Forecast) between
March and June and
June Sept.
Domestic Supply & Demand Conditions for Products and Services (Diffusion index of
"Excess demand" minus "Excess supply")
Large Enterprises - 8 - 7 + 1 - 7 0
Small Enterprises -20 -21 - 1 -21 0
Overseas Supply & Demand Conditions for Products (Diffusion index of
"Excess demand" minus "Excess supply")
Large Enterprises 0 3 + 3 2 - 1
Small Enterprises -10 - 7 + 3 - 7 0
Inventory Level of Finished Goods & Merchandise (Diffusion index of "Excessive or
somewhat excessive" minus "Insufficient or somewhat insufficient")
Large Enterprises 14 14 0 - -
Small Enterprises 15 16 + 1 - -
Wholesalers' Inventory Level (Diffusion index of "Excessive or somewhat
excessive" minus "Insufficient or somewhat insufficient")
Large Enterprises 11 11 0 - -
Small Enterprises 14 15 + 1 - -
Change in Output Prices (Diffusion index of "Rise" minus "Fall")
Large Enterprises - 8 - 3 + 5 - 3 0
Small Enterprises - 9 - 7 + 2 - 6 + 1
Change in Input Prices (Diffusion index of "Rise" minus "Fall")
Large Enterprises 34 41 + 7 31 -10
Small Enterprises 39 47 + 8 50 + 3
[Sales]
(Year-to-year % change)
FY2005 Revision FY2006 Revision
rate (Forecast) rate
[Large Enterprises]
Manufacturing 6.7 + 0.8 2.6 + 0.8
Nonmanufacturing 6.1 + 1.7 2.0 + 2.0
[Medium-sized Enterprises]
Manufacturing 3.6 + 0.7 5.3 + 3.0
Nonmanufacturing 1.8 + 0.5 3.6 + 1.0
[Small Enterprises]
Manufacturing 5.6 + 1.0 1.8 + 0.9
Nonmanufacturing 2.9 + 0.3 0.6 + 0.3
[All Enterprises]
All industries 4.8 + 0.9 2.2 + 1.2
(Note) Revision rates are calculated as the percentage change of the figures between
the current and the previous survey.
[Current Profits]
(Year-to-year % change)
FY2005 Revision FY2006 Revision
rate (Forecast) rate
[Large Enterprises]
Manufacturing 16.5 + 7.0 - 0.3 + 4.6
Nonmanufacturing 10.0 + 5.7 2.1 + 4.7
[Medium-sized Enterprises]
Manufacturing 9.4 + 3.1 4.3 + 1.4
Nonmanufacturing 12.4 + 2.3 4.5 + 1.5
[Small Enterprises]
Manufacturing 8.4 + 4.4 2.3 - 3.7
Nonmanufacturing 9.7 + 5.7 1.1 - 2.7
[All Enterprises]
All industries 12.3 + 5.6 1.5 + 2.7
[Ratio of Current Profit to Sales]
(%, %points)
FY2005 Revision FY2006 Revision
rate (Forecast) rate
[Large Enterprises]
Manufacturing 6.48 + 0.38 6.30 + 0.23
Nonmanufacturing 3.93 + 0.15 3.94 + 0.10
[Medium-sized Enterprises]
Manufacturing 4.37 + 0.10 4.33 - 0.06
Nonmanufacturing 2.66 + 0.05 2.68 + 0.01
[Small Enterprises]
Manufacturing 3.76 + 0.13 3.78 - 0.18
Nonmanufacturing 2.43 + 0.13 2.44 - 0.08
[All Enterprises]
All industries 4.01 + 0.18 3.98 + 0.06
[Fixed Investment including Land Purchasing Expenses *]
(Year-to-year % change)
FY2005 Revision FY2006 Revision
rate (Forecast) rate
[Large Enterprises]
Manufacturing 13.9 - 2.6 16.4 + 8.2
Nonmanufacturing 3.8 - 2.9 8.9 + 4.1
All industries 7.2 - 2.8 11.6 + 5.6
[Medium-sized Enterprises]
Manufacturing 21.0 + 0.8 - 1.6 + 7.1
Nonmanufacturing 10.9 - 0.5 6.2 + 4.3
All industries 13.9 - 0.1 3.7 + 5.1
[Small Enterprises]
Manufacturing 8.0 + 0.4 - 1.3 +16.3
Nonmanufacturing 11.7 + 2.6 -14.6 + 5.1
All industries 10.7 + 2.0 -11.0 + 8.2
[All Enterprises]
Manufacturing 14.0 - 1.7 11.0 + 9.0
Nonmanufacturing 6.5 - 1.4 3.8 + 4.3
All industries 8.9 - 1.5 6.2 + 5.9
* Excludes Software Investment
[Software and Fixed Investment excluding Land Purchasing Expenses]
(Year-to-year % change)
FY2005 Revision FY2006 Revision
rate (Forecast) rate
[Large Enterprises]
Manufacturing 13.3 - 3.0 16.7 + 7.5
Nonmanufacturing 3.5 - 4.1 9.8 + 2.7
All industries 6.8 - 3.7 12.2 + 4.4
[Medium-sized Enterprises]
Manufacturing 15.0 + 0.7 5.5 + 6.5
Nonmanufacturing 12.6 + 0.3 2.6 + 0.7
All industries 13.3 + 0.4 3.5 + 2.4
[Small Enterprises]
Manufacturing 5.0 - 0.6 3.9 +14.0
Nonmanufacturing 16.0 + 1.6 -11.1 + 3.7
All industries 12.8 + 1.0 - 7.1 + 6.6
[All Enterprises]
Manufacturing 12.4 - 2.1 13.3 + 8.1
Nonmanufacturing 7.1 - 2.4 4.8 + 2.5
All industries 8.8 - 2.3 7.6 + 4.4
[Production Capacity (Manufacturing)]
(Diffusion index of "Excessive capacity" minus "Insufficient capacity", %points)
March 2006 June 2006 Change Sept. 2006 Change
between (Forecast) between
March and June and
June Sept.
Large Enterprises - 1 - 1 0 0 + 1
Medium-sized Enterprises 1 - 1 - 2 - 1 0
Small Enterprises 0 1 + 1 - 3 - 4
All Enterprises 0 0 0 - 2 - 2
[Employment Conditions (All industries)]
(Diffusion index of "Excessive employment" minus "Insufficient employment", %points)
March 2006 June 2006 Change Sept. 2006 Change
between (Forecast) between
March and June and
June Sept.
Large Enterprises - 6 - 7 - 1 -10 - 3
Medium-sized Enterprises - 8 - 7 + 1 -11 - 4
Small Enterprises - 8 - 4 + 4 - 9 - 5
All Enterprises - 7 - 5 + 2 -10 - 5
[Financial Position (All industries)]
(Diffusion index of "Easy" minus "Tight", %points)
March 2006 June 2006 Change
between
March and
June
Large Enterprises 22 22 0
Medium-sized Enterprises 9 9 0
Small Enterprises - 1 0 + 1
All Enterprises 7 8 + 1
[Lending Attitude of Financial institutions (All industries)]
(Diffusion index of "Accommodative" minus "Severe", %points)
March 2006 June 2006 Change
between
March and
June
Large Enterprises 27 25 - 2
Medium-sized Enterprises 16 16 0
Small Enterprises 12 11 - 1
All Enterprises 16 16 0
[Change in Interest Rate on Loans (All industries)]
(Diffusion index of "Rise" minus "Fall", %points)
March 2006 June 2006 Change Sept. 2006 Change
between (Forecast) between
March and June and
June Sept.
Large Enterprises 10 27 +17 42 +15
Medium-sized Enterprises 5 20 +15 41 +21
Small Enterprises 5 16 +11 38 +22
All Enterprises 6 20 +14 40 +20
[Condition for CP Issuance (All industries)]
(Diffusion index of "Easy" minus "Severe", %points)
March 2006 June 2006 Change
between
March and
June
Large Enterprises 3 2 - 1
Related theme
