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Regional Economic Report (Summary) (October 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.

October 7, 2021
Bank of Japan

I. Regional Economic Assessments (Overview)

According to assessments from regions across Japan, although some reported that their economy had seen a pause in signs of a pick-up due to the effects of the spread of the novel coronavirus (COVID-19) during this summer and of production cutbacks in some sectors following supply-side constraints, many maintained their assessment that it had been picking up.

Comparison of Previous and Current Assessments by Region
Region Assessment in July 2021 Changes from the previous assessment1 Assessment in October 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, although it has remained in a severe situation, primarily in consumption of services. lower right The economy has seen a pause in signs of a pick-up, due mainly to the impact of COVID-19.
Hokuriku The economy has picked up on the whole, although downward pressure on some sectors has continued to be exerted. unchanged 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. lower right The economy has seen a pause in signs of a pick-up.
Kinki 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. lower right The economy has been picking up on the whole but downward pressure on consumption has been strong due to the impact of COVID-19.
Chugoku The economy has seen a slowdown in the pace of its pick-up. lower right The economy has seen a pause in signs of a pick-up.
Shikoku The economy has seen a slowdown in the pace of its pick-up due to the impact of COVID-19. unchanged 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. lower right The economy has seen a slowdown in the pace of its 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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