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Regional Economic Report (Summary) (April 2024)*

  • * 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 4, 2024
Bank of Japan

I. Regional Economic Assessments (Overview)

Eight regions, excluding the Hokuriku Region, reported that their respective economies had been recovering moderately, picking up, or picking up moderately, although some weakness had been seen in part. The Hokuriku region reported that its economy had shown signs of a pick-up, although downward pressure had been seen in part due to the effects of the Noto Peninsula Earthquake in 2024 (hereafter the earthquake).

Comparison of Previous and Current Assessments by Region
Region Assessment in January 2024 Changes from the previous assessment1 Assessment in April 2024
Hokkaido The economy has been picking up. unchanged The economy has been picking up.
Tohoku The economy has been picking up. lower right The economy has been picking up moderately.
Hokuriku The economy has been recovering moderately, although the impact of the Noto Peninsula Earthquake in 2024 warrants attention. lower right The economy has shown signs of a pick-up, as restoration demand and normalization of production have progressed, although downward pressure on private consumption and production has been seen in part, due to the effects of the earthquake, as the economy is still on its way to recovery.
Kanto-Koshinetsu The economy has been recovering moderately. lower right The economy has been recovering moderately, although some weakness has been seen in part.
Tokai The economy has been recovering moderately. lower right The economy has been recovering moderately, although some weakness has been seen in part.
Kinki The economy has seen a slowdown in the pace of its pick-up. lower right The economy has been picking up moderately as a trend, although some weakness has been seen in part.
Chugoku The economy has been recovering moderately. lower right The economy has been on a moderate recovery trend.
Shikoku The economy has been picking up. unchanged The economy has been picking up.
Kyushu-Okinawa The economy has been recovering steadily. lower right The economy has been recovering moderately, although some weakness has been seen in part.
  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