Bank of Japan: Regional Economic Report (Summary) (April 2022)

  • This report summarizes reports from all regional research divisions, mainly from the Bank’s branches in Japan, and is based on data and other information collected for the Bank’s branch general managers’ meeting held today. today. The English translation is based on the Japanese original.

April 11, 2022
Bank of Japan

I. Regional economic assessments (overview)

According to assessments from regions across Japan, many of them maintained their assessment that their respective economies had shown recovery. However, compared to the previous assessment, eight regions have revised their assessments downwards, mainly reflecting a resurgence of the novel coronavirus (COVID-19) and supply-side constraints in some sectors.

Comparison of previous and current ratings by region

Region

Assessment in January 2022

Changes from previous assessment1

Assessment in April 2022

Hokkaido

The economy showed signs of recovery, although it remained in a difficult situation due to the impact of COVID-19.

The economy has seen a pause in signs of recovery as downward pressure has been strong due to the impact of COVID-19.

Tohoku

The economy has shown signs of recovery in some sectors, with the number of new confirmed COVID-19 cases at a low level.

The economy has seen a pause in signs of a recovery.

Hokuriku

The economy has recovered.

The economy has seen a pause in signs of a recovery.

Kanto-
Koshinetsu

The economy has recovered, with the impact of COVID-19 fading somewhat, mainly on the consumption of services.

The economy has recovered as a trend, although it has been weak, mainly due to the impact of COVID-19.

tokai

The economy has recovered.

The economy has seen a pause in signs of a recovery.

Kinky

Overall, the economy has recovered, with the impact of COVID-19 on consumption diminishing.

The economy has generally been on a recovery trend, although the impact of COVID-19 on consumption has been observed.

Chugoku

The economy showed signs of recovery.

The economy followed a moderate recovery trend, although downward pressures continued to exist, in particular on the consumption of services.

Shikoku

The economy has recovered moderately as the impact of COVID-19 fades.

The economy has recovered moderately, but the effects of downward pressure stemming primarily from COVID-19 have been seen in some sectors.

Kyushu-
Okinawan

The economy recovered, although it remained in a difficult situation due to the impact of COVID-19.

The economy has experienced a slowdown in the pace of its recovery.

  1. With respect to changes from the previous assessment, arrows pointing to the upper right or lower right corner indicate changes in the rate of improvement or deterioration from previous assessments, respectively. For example, an accelerating rate of improvement or a decelerating rate of deterioration is indicated by an arrow pointing to the upper right corner. A horizontal arrow pointing to the right indicates that the rate of improvement or deterioration in economic conditions is unchanged from the previous assessment.

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Bank of Japan published this content on April 11, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on April 11, 2022 05:08:06 UTC.

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