Overview of Regional Economic Assessments

This report consolidates reports from the regional economic departments of branches and other offices, based on information collected for the branch managers’ meeting held today.

The Bank of Japan published the report on July 9, 2026.

The report consists of I. Overview of Regional Economic Assessments, II. Regional Financial and Economic Overview, and References. Section I covers the overall economic assessments for each region and assessments by demand component and other categories, and also presents comparisons with the April 2026 assessments.

In the July 2026 assessments, Hokkaido was described as “picking up moderately, although some weakness can be seen”; Tohoku as “picking up”; Hokuriku as “recovering moderately, although some weakness can also be seen”; Kanto-Koshinetsu as “recovering moderately, although some weakness can also be seen, partly due to the impact of the situation in the Middle East”; Tokai as “recovering moderately”; Kinki as “recovering moderately, although some weakness can be seen”; Chugoku as “on a moderate recovery trend”; Shikoku as “picking up moderately”; and Kyushu and Okinawa as “recovering moderately, although some weakness can be seen.”

Public investment was increasing moderately in Hokkaido, Kanto-Koshinetsu, and Chugoku; at a high level in Hokuriku and Tokai; showed a pause in its pickup in Tohoku; remained within a flat range in Kinki; was picking up in Shikoku; and was increasing in Kyushu and Okinawa. Business fixed investment was increasing moderately in Hokkaido; on an increasing trend in Tohoku; increasing in Hokuriku, Kanto-Koshinetsu, Tokai, Kinki, Chugoku, and Shikoku; and remained at a high level in Kyushu and Okinawa.

Private consumption remained firm in Hokkaido despite the effects of rising prices; was recovering moderately in Tohoku and Chugoku; was picking up or increasing moderately in Hokuriku and Kanto-Koshinetsu; remained firm in Tokai; was increasing moderately in Kinki; was picking up in Shikoku; and remained steady in Kyushu and Okinawa.

Residential investment was weak in Hokkaido, Kanto-Koshinetsu, Chugoku, and Kyushu and Okinawa; showed weak movement in Tohoku, Tokai, and Shikoku; had bottomed out in Hokuriku; and remained within a flat range in Kinki. Production remained within a flat range in Hokkaido, although some weakness could be seen; was picking up in Tohoku; was picking up moderately in Hokuriku; remained within a flat range as a trend in Kanto-Koshinetsu; was on an increasing trend in Tokai; and remained within a flat range in Kinki, Chugoku, Shikoku, and Kyushu and Okinawa. The employment and income environment was improving moderately in Hokkaido, Hokuriku, Kanto-Koshinetsu, Tokai, Kinki, Chugoku, and Shikoku, and was improving in Tohoku and Kyushu and Okinawa.