{
  "id": 11062887,
  "title": "Japan’s Tankan Large Manufacturing Index rises to 24 in Q3 vs. 25 expected",
  "url": "https://urgent.news/2026/09/30/japans-tankan-large-manufacturing-index-rises-to-24-in-q3-vs-25",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T23:53:46.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/japans-tankan-large-manufacturing-index-rises-to-24-in-q3-vs-25-expected-202609302353"
  },
  "original_language": "en",
  "account": "Japan's Tankan Large Manufacturing Index increased to 24 in the third quarter (Q3) compared to the anticipated 25. This figure represents a slight improvement in business sentiment for the manufacturing sector, but it fell short of market expectations. The Tankan Non-Manufacturing Index, on the other hand, decreased to 35 in Q3, compared to 37 in the previous period, which also fell below the market consensus of 36. The USD/JPY exchange rate currently trades at approximately 157.50, reflecting a 0.14% increase at the time of writing. The Japanese Yen (JPY) is one of the world's most traded currencies, with its value determined by the performance of the Japanese economy, the Bank of Japan's policy, the differential between Japanese and US bond yields, and risk sentiment among traders. The Bank of Japan (BoJ) has the mandate for currency control, and its moves significantly impact the value of the Yen. Historically, the BoJ's ultra-loose monetary policy between 2013 and 2024 led to a depreciation of the Yen against its major currency peers due to policy divergence between the Bank of Japan and other central banks. Recently, the progressive unwinding of this ultra-loose policy has provided some support to the Yen. The widening policy divergence between the BoJ and other central banks, particularly the US Federal Reserve, has supported the US Dollar's strength against the Japanese Yen. The BoJ's decision to gradually abandon the ultra-loose policy in 2024, combined with interest rate cuts in other major central banks, is narrowing this differential. The Japanese Yen is often viewed as a safe-haven investment, meaning it is more likely to be sought by investors during market stress due to its perceived reliability and stability.",
  "summary": "The Bank of Japan’s (BoJ) Tankan survey of business sentiment improved slightly but missed market forecasts in the manufacturing sector. Japan’s Tankan Large Manufacturing Index rose to 24 in the third quarter (Q3) from 22 in the previous reading, weaker than the market expectation of 25.",
  "key_points": [
    "Japan's Tankan Large Manufacturing Index rose to 24 in Q3.",
    "This indicates a slight improvement in manufacturing sector sentiment.",
    "The index fell short of market expectations at 25."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}