Japan Business Outlook Survey, the Large Manufacturing Conditions indes for Q2 2025 comes in at -4.8

  • expected +0.8, prior -2.4

Results right across the survey were very poor indeed:

Japan q2 2025 business conditions 12 June 2025 2

More reasons for a Bank of Japan pause.

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The Business Outlook Survey has been conducted jointly by the Cabinet Office and the Ministry of Finance starting from the April-June quarter of 2004. The survey targets corporations with capital of 10 million yen or more and aims to obtain basic data concerning the current status and forecasts of the Japanese economy. The survey is conducted four times a year. Results are published in early or mid-June, September, December and March.

Source: Forex Live