- Aug. 7, 2020
- Aug. 7, 2020
- Aug. 7, 2020
July 10, 2017
Bank of Japan
According to assessments from regions across Japan, six regions (Hokuriku, Kanto-Koshinetsu, Tokai, Kinki, Chugoku, and Kyushu-Okinawa) reported that their economy had been expanding moderately, or had been turning toward a moderate expansion, and three regions (Hokkaido, Tohoku, and Shikoku) noted that the economy had continued to recover moderately. These reports were based on the assessments that the virtuous cycle from income to spending had become firmer, as labor market conditions had continued to tighten steadily and private consumption had increased its resilience, while exports had been on an increasing trend with overseas economies growing at a moderate pace.
Compared with the previous assessment in April 2017, five regions (Hokkaido, Kanto-Koshinetsu, Kinki, Chugoku, and Kyushu-Okinawa) revised their assessments upward. These assessments were based primarily on reports that (i) production had been increasing, mainly in electronic parts and devices and in production machinery, both of which were bound for overseas (Hokkaido, Kanto-Koshinetsu, Kinki, and Chugoku), (ii) private consumption had been on the rise, assisted mainly by steady sales of durable consumer goods and high-end products (Kanto-Koshinetsu, Kinki, Chugoku, and Kyushu-Okinawa), and (iii) as for public investment, disaster relief construction had been in progress and orders for construction works associated with the supplementary budget for fiscal 2016 had become noticeable (Hokkaido, Kanto-Koshinetsu, and Kyushu-Okinawa). Meanwhile, the other four regions reported that their assessments had remained unchanged.
|Region||Assessment in April 2017||Changes
|Assessment in July 2017|
|Hokkaido||The economy has been recovering moderately.||The economy has been recovering.|
|Tohoku||The economy has continued its moderate recovery trend.||The economy has continued its moderate recovery trend.|
|Hokuriku||The economy has been expanding moderately.||The economy has been expanding moderately.|
|The economy has continued its moderate recovery trend.||The economy has been turning toward a moderate expansion.|
|Tokai||The economy has been expanding moderately.||The economy has been expanding moderately.|
|Kinki||The economy has been recovering moderately.||The economy has been on a moderate expanding trend.|
|Chugoku||The economy has been recovering moderately.||The economy has begun to expand moderately.|
|Shikoku||The economy has continued to recover moderately.||The economy has continued to recover moderately.|
|Kyushu- Okinawa||The economy has been recovering moderately.||The economy has been expanding moderately, although variations had been seen among local areas and industries.|
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