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Regional Economic Report (Summary) (April 2017)*

  • 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 10, 2017
Bank of Japan

I. Regional Economic Assessments (Overview)

According to assessments from regions across Japan, the Hokuriku and Tokai regions reported that their economy had been expanding moderately, and the other seven regions noted that the economy had continued its moderate recovery trend. These reports were based on the assessments that a virtuous cycle from income to spending had been maintained in both the corporate and household sectors, while overseas economies had continued to grow at a moderate pace.

Compared with the previous assessment in January 2017, the Hokuriku region revised its assessment upward, mainly on the back of production increases -- including those in electronic parts and devices and semiconductor production equipment bound for overseas -- as well as the steady pick-up in private consumption. Meanwhile, the other eight regions reported that their assessments had remained unchanged.

Comparison of Previous and Current Assessments by Region
Region Assessment in January 2017 Changes
from the
previous
assessment1		 Assessment in April 2017
Hokkaido The economy has been recovering moderately. unchanged The economy has been recovering moderately.
Tohoku The economy has continued its moderate recovery trend. unchanged The economy has continued its moderate recovery trend.
Hokuriku The economy has continued to recover. upper right The economy has been expanding moderately.
Kanto-
Koshinetsu		 The economy has continued its moderate recovery trend. unchanged The economy has continued its moderate recovery trend.
Tokai The economy has been expanding moderately. unchanged The economy has been expanding moderately.
Kinki The economy has been recovering moderately. unchanged The economy has been recovering moderately.
Chugoku The economy has been recovering moderately. unchanged The economy has been recovering moderately.
Shikoku The economy has continued to recover moderately. unchanged The economy has continued to recover moderately.
Kyushu- Okinawa The economy has been recovering moderately. unchanged The economy has been recovering moderately.
  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 assessments.

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Inquiries

Regional Research Division, Research and Statistics Department

Tel : +81-3-3277-1357