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Home > Research and Studies > BOJ Reports & Research Papers > Regional Economic Report > Regional Economic Report (Summary) (Jan. 2020)
January 15, 2020
Bank of Japan
According to assessments from regions across Japan, all nine regions reported that their economy had been either expanding or recovering. The background to this was that domestic demand, in terms of such items as business fixed investment and private consumption, had continued on an uptrend, with a virtuous cycle from income to spending operating in both the corporate and household sectors, although exports, production, and business sentiment had shown some weakness, mainly affected by the slowdown in overseas economies and natural disasters.
Compared with the previous assessment in October 2019, three regions (Hokuriku, Tokai, and Chugoku) revised down their assessments, whereas the other six regions reported that their assessments were unchanged.
Region | Assessment in October 2019 | Changes from the previous assessment1 |
Assessment in January 2020 |
---|---|---|---|
Hokkaido | The economy has been expanding moderately. | ![]() |
The economy has been expanding moderately. |
Tohoku | The economy has continued to recover moderately, although some weakness has been observed in part. | ![]() |
The economy has continued to recover moderately, although some weakness is becoming widespread. |
Hokuriku | The economy has been expanding moderately. | ![]() |
The economy has continued on an expanding trend, although the pace has moderated further. |
Kanto- Koshinetsu |
The economy has been expanding moderately, although exports and production have been affected by the slowdown in overseas economies. | ![]() |
The economy has been on a moderate expanding trend, although it has been mainly affected by the slowdown in overseas economies and natural disasters. |
Tokai | The economy has been expanding. | ![]() |
The economy has been expanding moderately. |
Kinki | The economy has continued to expand moderately, although some weakness has been observed in part. | ![]() |
The economy has continued to expand moderately, although some weakness has been observed in part. |
Chugoku | The economy has been expanding moderately, although some weakness has been observed in part. | ![]() |
The economy has been on a moderate expanding trend, albeit at a somewhat slower pace. |
Shikoku | The economy has been recovering. | ![]() |
The economy has been recovering, although some weakness has been observed in part. |
Kyushu- Okinawa | The economy has been expanding moderately. | ![]() |
The economy has been expanding moderately. |
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