A comprehensive analysis of Yamaguchi Prefecture financial and economic conditions published by the Bank of Japan Shimonoseki Branch on August 5, 2025, covering the overall economic situation and detailed trends across various sectors.
Economic Overview
The economy in Yamaguchi Prefecture is recovering gradually, with improvements observed in multiple sectors across demand categories. Public investment has remained stable within a steady range, while exports have declined compared to the previous year. Personal consumption is steadily recovering, while housing investment shows weak movement. Capital investment has been increasing.
On the production front, signs of recovery are evident. Regarding employment and income conditions, the labor supply-demand balance remains tight, and employee income has improved. The year-over-year consumer price increase is in the high 2% range.
Detailed Analysis of the Real Economy
In personal consumption, department store and supermarket sales, convenience store sales, home center sales, and drugstore sales all exceeded the previous year figures. For durable consumer goods, sales at major electronics retailers and new passenger car registrations also surpassed previous year levels.
In terms of capital investment, according to the Yamaguchi Tankan survey (June 2025), corporate capital investment showed an increase in FY2024 results and plans for continued increase in FY2025. The floor area of non-residential building construction starts exceeded the previous year.
Regarding production activities, the Industrial Production Index (May) rose compared to the previous month. By industry, while transportation equipment declined, chemicals and general-purpose, production, and business machinery increased.
In employment conditions, although the effective job-to-applicant ratio fell below the previous month, while the number of regular employees decreased compared to the previous year, total cash earnings exceeded the previous year, resulting in employee income surpassing the previous year level.
Financial Conditions
Both deposits and loans continue to exceed previous year levels, with the average contracted lending rate trending above the previous month.
The article demonstrates that Yamaguchi Prefecture economy is in a gradual recovery phase, with improvements observed across multiple areas including personal consumption, capital investment, and production activities, supported by detailed statistical data.