Regional Economic Report (Summary) (July 2022)*
- 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 11, 2022
Bank of Japan
I. Regional Economic Assessments (Overview)
According to assessments from regions across Japan, many of them reported that, although the effects of supply-side constraints had been observed, partly brought about by lockdowns in China, their respective economies had been picking up moderately with the impact of the novel coronavirus (COVID-19) on private consumption waning.
Region | Assessment in April 2022 | Changes from the previous assessment1 | Assessment in July 2022 |
---|---|---|---|
Hokkaido | The economy has seen a pause in signs of a pick-up as downward pressure has been strong due to the impact of COVID-19. | The economy has been picking up moderately, although the impact of COVID-19 has been observed. | |
Tohoku | The economy has seen a pause in signs of a pick-up. | The economy has been picking up moderately. | |
Hokuriku | The economy has seen a pause in signs of a pick-up. | The economy has picked up as a trend. | |
Kanto- Koshinetsu |
The economy has picked up as a trend, although it has been weak, mainly due to the impact of COVID-19. | The economy has picked up as a trend, with the impact of COVID-19 on private consumption waning, although the effects of supply-side constraints have intensified. | |
Tokai | The economy has seen a pause in signs of a pick-up. | The economy has seen a pause in signs of a pick-up. | |
Kinki | The economy has generally been on a pick-up trend, although the impact of COVID-19 on consumption has been observed. | The economy has been picking up on the whole, with the impact of COVID-19 on consumption waning, although the effects of such factors as lockdowns in China have remained. | |
Chugoku | The economy has been on a moderate pick-up trend, although downward pressure has continued to be exerted, particularly on services consumption. | The economy has been picking up moderately, although downward pressure has remained. | |
Shikoku | The economy has been picking up moderately, but effects of downward pressure stemming mainly from COVID-19 have been seen in some sectors. | The economy has been picking up moderately on the whole, although the effects of supply-side constraints have been observed in some sectors. | |
Kyushu- Okinawa |
The economy has seen a slowdown in the pace of its pick-up. | The economy has been picking up moderately. |
- 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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Inquiries
Regional Research Division, Research and Statistics Department
Tel : +81-3-3277-1357