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 18, 2018
Bank of Japan
I. Regional Economic Assessments (Overview)
According to assessments from regions across Japan, all nine regions reported that their economy had been either expanding or recovering. Compared with the previous assessment in July 2018, however, the Hokkaido and Chugoku regions revised down their assessments, taking into account the effects of the natural disasters -- namely, the 2018 Hokkaido Eastern Iburi Earthquake and the heavy rain in July 2018 -- that had affected each region, respectively. Meanwhile, the Kinki region maintained its assessment that its economy had been expanding moderately, although effects of Typhoon Jebi (Typhoon No. 21), which hit in September, were being observed. The other six regions (Tohoku, Hokuriku, Kanto-Koshinetsu, Tokai, Shikoku, and Kyushu-Okinawa) reported that their assessments were unchanged.
The background behind these assessments was that the virtuous cycle from income to spending had been maintained, as labor market conditions had continued to tighten steadily and private consumption had been increasing moderately, while exports had been on an increasing trend with overseas economies growing firmly.
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.
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.
Regional Research Division, Research and Statistics Department
Tel : +81-3-3277-1357
Bank of Japan published this content on 18 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 October 2018 05:07:03 UTC