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Regional Economic Report (Summary) (April 2023)*

  • This report summarizes the reports from all regional research divisions, mainly at the Bank's branches in Japan, and is based on data and other information gathered for the meeting of general managers of the Bank's branches held today. The English translation is based on the Japanese original.

April 20, 2023
Bank of Japan

I. Regional Economic Assessments (Overview)

According to assessments from regions across Japan, all of them reported that their respective economies, despite being affected by factors such as high commodity prices, had been picking up or had been picking up moderately, with the impact of supply-side constraints and the novel coronavirus (COVID-19) waning.

Comparison of Previous and Current Assessments by Region
Region Assessment in January 2023 Changes from the previous assessment1 Assessment in April 2023
Hokkaido The economy has been picking up moderately. unchanged The economy has been picking up moderately.
Tohoku The economy has been picking up moderately. lower right The economy has been picking up moderately as a trend, although weakness has been seen in part.
Hokuriku The economy has been picking up. unchanged The economy has been picking up.
Kanto-Koshinetsu The economy has been picking up, as the resumption of economic activity has progressed while public health has been protected from COVID-19. unchanged The economy, despite being affected by factors such as high commodity prices, has been picking up, with the impact of COVID-19 waning.
Tokai The economy has been more or less flat. upper right The economy has been picking up moderately.
Kinki The economy has been picking up, as the resumption of economic activity has progressed while public health has been protected from COVID-19. unchanged The economy has been picking up, as the resumption of economic activity has progressed while public health has been protected from COVID-19, although some weakness has been seen in part.
Chugoku The economy has been picking up moderately. unchanged The economy has been picking up moderately.
Shikoku The economy has been picking up moderately. unchanged The economy has been picking up moderately.
Kyushu-Okinawa The economy has been picking up. unchanged The economy has been picking up.
  1. With regard to the changes from the previous assessment, arrows pointing to the upper right or lower right indicate changes in the pace of improvement or deterioration compared with the previous assessments, respectively. For example, an acceleration in the pace of improvement or deceleration in the pace of deterioration is indicated with an arrow pointing to the upper right. A horizontal arrow pointing to the right indicates that the pace of improvement or deterioration in economic conditions is unchanged compared with the previous assessment.

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Inquiries

Regional Research Division, Research and Statistics Department

Tel : +81-3-3277-1357