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Regional Economic Report (Summary) (October 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.

October 8, 2020
Bank of Japan

I. Regional Economic Assessments (Overview)

According to assessments from regions across Japan, many regions, while noting that their economy had been in a severe situation due to the impact of the novel coronavirus (COVID-19), reported that it had started to pick up or shown signs of a pick-up, with economic activity resuming gradually.

Comparison of Previous and Current Assessments by Region
Region Assessment in July 2020 Changes
from the
previous
assessment1
Assessment in October 2020
Hokkaido The economy has deteriorated significantly due to the impact of the spread of COVID-19. upper right The economy has started to pick up with economic activity resuming gradually, although it has remained in a severe situation due to the impact of COVID-19.
Tohoku The economy has deteriorated, due mainly to the impact of COVID-19. upper right The economy has shown signs of a pick-up, although it has been in a severe situation.
Hokuriku The economy has deteriorated significantly, due mainly to the impact of COVID-19. upper right The economy has been in a severe situation, although it is bottoming out.
Kanto-
Koshinetsu
The economy has been in an extremely severe situation due to the impact of COVID-19 at home and abroad. upper right The economy has started to pick up with economic activity resuming gradually, although it has remained in a severe situation due to the impact of COVID-19 at home and abroad.
Tokai The economy has been in a severe situation, although it has begun to head toward improvement. upper right The economy has been picking up, even during the continued severe situation.
Kinki The economy has remained in a state of deterioration due to the impact of COVID-19. upper right The economy has shown signs of a pick-up recently, although it has remained in a severe situation due to the impact of COVID-19.
Chugoku The economy, after deteriorating significantly, has remained in a severe situation due to the impact of COVID-19. upper right The economy has shown signs of a pick-up, although it has remained in a severe situation due to the impact of COVID-19.
Shikoku The economy has been weakening further due to the impact of COVID-19. unchanged The economy has continued to be weak due to the impact of COVID-19.
Kyushu- Okinawa The economy has deteriorated due to the impact of COVID-19. upper right The economy has been in a severe situation, although it has shown signs of a pick-up.
  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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