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Regional Economic Report (Summary) (July 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.

July 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, as was the case in April 2020, due to the impact of the novel coronavirus (COVID-19), and reported that their economy had deteriorated or had been in a severe situation.

Comparison of Previous and Current Assessments by Region
Region Assessment in April 2020 Changes
from the
previous
assessment1
Assessment in July 2020
Hokkaido The economy has been facing strong downward pressure, due mainly to the impact of the outbreak of COVID-19. lower right The economy has deteriorated significantly due to the impact of the spread of COVID-19.
Tohoku The economy has been weak recently, due mainly to the impact of COVID-19. lower right The economy has deteriorated, due mainly to the impact of COVID-19.
Hokuriku The economy has been relatively weak, due mainly to the impact of COVID-19. lower right The economy has deteriorated significantly, due mainly to the impact of COVID-19.
Kanto-
Koshinetsu
The economy has been weak recently, due mainly to the impact of the outbreak of COVID-19. lower right The economy has been in an extremely severe situation due to the impact of COVID-19 at home and abroad.
Tokai The economy has been facing strong downward pressure, amid the ongoing spread of COVID-19. lower right The economy has been in a severe situation, although it has begun to head toward improvement.
Kinki The economy has been weak due to the impact of the outbreak of COVID-19. lower right The economy has remained in a state of deterioration due to the impact of COVID-19.
Chugoku The economy has been weak recently, due mainly to the impact of COVID-19. lower right The economy, after deteriorating significantly, has remained in a severe situation due to the impact of COVID-19.
Shikoku The economy has been relatively weak recently due to the impact of COVID-19. lower right The economy has been weakening further due to the impact of COVID-19.
Kyushu- Okinawa The economy has been weak recently, primarily in private consumption, exports, and production, due mainly to the impact of COVID-19. lower right The economy has deteriorated due 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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