Skip to main content

Regional Economic Report (Summary) (July 2023)*

  • * 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 10, 2023
Bank of Japan

I. Regional Economic Assessments (Overview)

All nine regions reported that their respective economies, despite being affected by factors such as past high commodity prices, had been either picking up or recovering moderately.

Comparison of Previous and Current Assessments by Region
Region Assessment in April 2023 Changes from the previous assessment1 Assessment in July 2023
Hokkaido The economy has been picking up moderately. unchanged The economy has been picking up moderately.
Tohoku The economy has been picking up moderately as a trend, although weakness has been seen in part. unchanged The economy has been picking up moderately as a trend, although weakness has been seen in part.
Hokuriku The economy has been picking up. unchanged The economy has been picking up.
Kanto-Koshinetsu The economy, despite being affected by factors such as high commodity prices, has been picking up, with the impact of COVID-19 waning. unchanged The economy has been picking up.
Tokai The economy has been picking up moderately. upper right The economy has been picking up.
Kinki The economy has been picking up, as the resumption of economic activity has progressed while public health has been protected from COVID-19, although some weakness has been seen in part. unchanged The economy has been picking up, although some weakness has been seen in part.
Chugoku The economy has been picking up moderately. upper right The economy has been picking up.
Shikoku The economy has been picking up moderately. unchanged The economy has been picking up moderately.
Kyushu-Okinawa The economy has been picking up. upper right The economy has been recovering moderately.
  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.

Notice

Please contact below in advance to request permission when reproducing or copying the content of this report for commercial purposes.

Please credit the source when reproducing or copying the content of this report.

Inquiries

Regional Research Division, Research and Statistics Department

Tel : +81-3-3277-1357