- Apr. 19, 2019
- Apr. 17, 2019
- Apr. 17, 2019
April 8, 2019
Bank of Japan
According to reports from regions across Japan, the economy has continued to either expand or recover in all nine regions. Compared with the previous assessment in January 2019, with the effects of the slowdown in overseas economies on exports and production being pointed out, five regions (Kanto-Koshinetsu, Tokai, Kinki, Chugoku, and Shikoku) left their assessments unchanged, while three regions (Tohoku, Hokuriku, and Kyushu-Okinawa) revised down their assessments. Meanwhile, the Hokkaido region revised up its assessment, due to the dissipation of downward pressure stemming from the 2018 Hokkaido Eastern Iburi Earthquake.
The background behind these assessments was that domestic demand had continued to show firm developments, with a virtuous cycle from income to spending operating in both the corporate and household sectors. Specifically, although exports and production have been affected by the slowdown in overseas economies recently, business fixed investment has continued on an increasing trend, with corporate profits staying at a favorable level on the whole. Private consumption has been increasing moderately, albeit with fluctuations, against the background of steady improvement in the employment and income situation.
|Region||Assessment in January 2019||Changes
|Assessment in April 2019|
|Hokkaido||The economy has been recovering moderately as a trend, and downward pressure due to the effects of the 2018 Hokkaido Eastern Iburi Earthquake has continued to ease.||The economy has been recovering moderately.|
|Tohoku||The economy has continued to recover moderately.||The economy has continued to recover moderately, although some weakness has been observed in part.|
|Hokuriku||The economy has been expanding.||The economy has been expanding moderately.|
|The economy has been expanding moderately.||The economy has been expanding moderately, although exports and production have been affected by the slowdown in overseas economies.|
|Tokai||The economy has been expanding.||The economy has been expanding.|
|Kinki||The economy has continued to expand moderately.||The economy has continued to expand moderately.|
|Chugoku||The economy has been expanding moderately.||The economy has been expanding moderately.|
|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.|
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