Okhotsk Regional Economic Situation Report July 2025 Assessment

Overview

Okhotsk Regional Economic Situation Report with July 2025 assessment by the Kitami Branch Office of the Hokkaido Finance Bureau. The overall assessment is "showing signs of recovery," with personal consumption showing a slower pace of recovery, while tourism is gradually recovering and employment is gradually showing signs of recovery. In personal consumption, prepared foods and frozen foods in food and beverages are performing well above the previous year, while lifestyle-related goods and clothing are below the previous year. New car registrations exceed the previous year due to backlog registrations and rebound increases from certification fraud issues. In tourism, airport passenger numbers exceed the previous year due to increased Tokyo flight boarding rates, and visitor numbers to major tourist facilities also exceed the previous year due to increases in overseas visitors mainly from East Asia and visitors from outside Hokkaido. Employment shows gradual recovery with the effective job-to-applicant ratio exceeding the previous year due to decreased effective job seekers. Public works exceed the previous year, while housing construction starts are below the previous year for detached houses, rental housing, and condominiums. Corporate bankruptcies show similar numbers to the previous year but higher total liabilities, while in finance, both loans and deposits exceed the previous year. A detailed PDF version of 6,079.1KB is available.