- Nov. 13, 2018
- Nov. 7, 2018
- Nov. 7, 2018
October 18, 2018
Bank of Japan
According to assessments from regions across Japan, all nine regions reported that their economy had been either expanding or recovering. Compared with the previous assessment in July 2018, however, the Hokkaido and Chugoku regions revised down their assessments, taking into account the effects of the natural disasters -- namely, the 2018 Hokkaido Eastern Iburi Earthquake and the heavy rain in July 2018 -- that had affected each region, respectively. Meanwhile, the Kinki region maintained its assessment that its economy had been expanding moderately, although effects of Typhoon Jebi (Typhoon No. 21), which hit in September, were being observed. The other six regions (Tohoku, Hokuriku, Kanto-Koshinetsu, Tokai, Shikoku, and Kyushu-Okinawa) reported that their assessments were unchanged.
The background behind these assessments was that the virtuous cycle from income to spending had been maintained, as labor market conditions had continued to tighten steadily and private consumption had been increasing moderately, while exports had been on an increasing trend with overseas economies growing firmly.
|Region||Assessment in July 2018||Changes
|Assessment in October 2018|
|Hokkaido||The economy has been recovering moderately.||The economy has been recovering moderately as a trend, although downward pressure due to the effects of the 2018 Hokkaido Eastern Iburi Earthquake is being observed.|
|Tohoku||The economy has continued to recover moderately.||The economy has continued to recover moderately.|
|Hokuriku||The economy has been expanding.||The economy has been expanding.|
|The economy has been expanding moderately.||The economy has been expanding moderately.|
|Tokai||The economy has been expanding.||The economy has been expanding.|
|Kinki||The economy has been expanding moderately, although effects of the earthquake have been observed in some industries.||The economy has been expanding moderately, although effects of Typhoon No. 21 are being observed in economic activity.|
|Chugoku||The economy has been expanding moderately.||Although the economy was damaged by the heavy rain in July 2018, it has been expanding moderately as a trend, amid the effects of the heavy rain waning, mainly reflecting the restoration of social infrastructure.|
|Shikoku||The economy has been recovering.||The economy has been recovering.|
|Kyushu- Okinawa||The economy has been expanding moderately, with its growth gaining a more solid footing.||The economy has been expanding moderately, with its growth gaining a more solid footing.|
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