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Regional Economic Report (Summary) (April 2020)*

  • 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 9, 2020
Bank of Japan

I. Regional Economic Assessments (Overview)

According to assessments from regions across Japan, all nine regions revised down their assessments from the previous ones in January 2020, due mainly to the impact of the outbreak of the novel coronavirus (COVID-19), and reported that their economy had been weak or facing strong downward pressure.

Comparison of Previous and Current Assessments by Region
Region Assessment in January 2020 Changes
from the
previous
assessment1
Assessment in April 2020
Hokkaido The economy has been expanding moderately. lower right The economy has been facing strong downward pressure, due mainly to the impact of the outbreak of COVID-19.
Tohoku The economy has continued to recover moderately, although some weakness is becoming widespread. lower right The economy has been weak recently, due mainly to the impact of COVID-19.
Hokuriku The economy has continued on an expanding trend, although the pace has moderated further. lower right The economy has been relatively weak, due mainly to the impact of COVID-19.
Kanto-
Koshinetsu
The economy has been on a moderate expanding trend, although it has been mainly affected by the slowdown in overseas economies and natural disasters. lower right The economy has been weak recently, due mainly to the impact of the outbreak of COVID-19.
Tokai The economy has been expanding moderately. lower right The economy has been facing strong downward pressure, amid the ongoing spread of COVID-19.
Kinki The economy has continued to expand moderately, although some weakness has been observed in part. lower right The economy has been weak due to the impact of the outbreak of COVID-19.
Chugoku The economy has been on a moderate expanding trend, albeit at a somewhat slower pace. lower right The economy has been weak recently, due mainly to the impact of COVID-19.
Shikoku The economy has been recovering, although some weakness has been observed in part. lower right The economy has been relatively weak recently due to the impact of COVID-19.
Kyushu- Okinawa The economy has been expanding moderately. lower right The economy has been weak recently, primarily in private consumption, exports, and production, due mainly to the impact of COVID-19.
  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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