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Regional Economic Report (Summary) (July 2021)*

  • 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 5, 2021
Bank of Japan

I. Regional Economic Assessments (Overview)

According to assessments from regions across Japan, while they reported that their economy had remained in a severe situation due to the impact of the novel coronavirus (COVID-19) -- with some reporting that it had seen a slowdown in the pace of its pick-up -- many reported that it had picked up as a trend or had started to pick up.

Comparison of Previous and Current Assessments by Region
Region Assessment in April 2021 Changes from the previous assessment1 Assessment in July 2021
Hokkaido The economy has remained in a severe situation due to the impact of COVID-19, and has been more or less flat. unchanged The economy has remained in a severe situation due to the impact of COVID-19, and has been more or less flat.
Tohoku The economy has picked up as a trend, but the impact of a resurgence of COVID-19 appears to be growing recently, primarily in consumption of services. unchanged The economy has picked up as a trend, although it has remained in a severe situation, primarily in consumption of services.
Hokuriku The economy has started to pick up, although it has been in a severe situation. upper right The economy has picked up on the whole, although downward pressure on some sectors has continued to be exerted.
Kanto-Koshinetsu The economy has picked up as a trend, although it has remained in a severe situation, primarily in consumption of services. unchanged The economy has picked up as a trend, although it has remained in a severe situation, primarily in consumption of services.
Tokai The economy has been picking up, even during the continued severe situation. unchanged The economy has been picking up, even during the continued severe situation.
Kinki The economy has been picking up on the whole, although it has remained in a severe situation due to the impact of COVID-19.
However, consumption of services has been facing strong downward pressure, with the implementation of priority measures to prevent the spread of disease.
upper right The economy has been picking up on the whole, although some downward pressure, mainly on consumption of services, has remained due to the impact of COVID-19.
Chugoku The economy has continued to show signs of a pick-up, although it has remained in a severe situation due to the impact of COVID-19. lower right The economy has seen a slowdown in the pace of its pick-up.
Shikoku The economy has continued to show signs of a pick-up on the whole, although it has been weak in part, due to the impact of COVID-19. lower right The economy has seen a slowdown in the pace of its pick-up due to the impact of COVID-19.
Kyushu-Okinawa The economy has started to pick up, primarily in exports and production, although it has been in a severe situation. unchanged The economy has started to pick up, primarily in exports and production, although it has been in a severe situation.
  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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