Ministry of Economy, Trade and Industry
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Results of the Regional Economic and Industrial Research (April–June 2014)

The Ministry of Economy, Trade and Industry (METI) has compiled the results of the regional economic and industrial research that the regional Bureaus of Economy, Trade and Industry (including the Hokuriku Branch of the Electricity and Gas Industry, and the Economy, Trade and Industry Department of the Okinawa General Bureau) conduct on a quarterly basis to identify regional economic trends, and hereby releases the results.

Highlights of the results
The assessment of the national economic situation has been revised downward from the previous quarter. It maintains its "picking up" status, although some businesses show weakness due to the effect of a reactionary decline after the last-minute increased demand preceding the consumption tax hike. Compared to the previous quarter, the assessment of regional economic conditions has been revised upward in the Kinki region, remains the same in three regions, namely Kanto, Tokai and Chugoku, and has been revised downward in six other regions.

Production has shown the effect of a reactionary decline after the last-minute increased demand preceding the consumption tax hike, mainly in domestic demand in the automobile industry.

Concerning business investment, some manufacturers have demonstrated proactive investment toward enhancements of production capacity, while non-manufacturers nationwide have demonstrated activity towards opening new locations, mainly in the retail sector.

As for the employment situation, the recruitment of employees continues to be centered on part-time employees consistent with the previous quarter, while, according to the comments from some respondents, some businesses in the retail and service sectors are concerned that few applicants are applying for the part-time positions they advertise.

Private consumption across Japan has shown the effect of a reactionary decline after the last-minute increased demand preceding the consumption tax hike in sales of luxury goods. As for travel, the number of foreign tourists continues to increase from the previous quarter, according to the comments from some respondents.

Regional Economic and Industrial Research

The regional Bureaus of Economy, Trade and Industry (including the Hokuriku Branch of the Electricity and Gas Industry, and the Economy, Trade and Industry Department of the Okinawa General Bureau) survey enterprises in their local jurisdictions using interviews and other survey techniques on a quarterly basis for the purpose of identifying local economic trends, such as those related to business conditions, production, and investment in facilities, and they collect and analyze the survey results.

METI has compiled the survey results applicable to the April to June 2014 period (the survey was conducted from May 23 to June 27, 2014, covering 826 companies).

References

Release Date

July 29, 2014

Division in Charge

Regional Economic and Industrial Policy Division, Regional Economic and Industrial Policy Group

Related Information

Overview of Japan's Economy
Ministry of Economy, Trade and Industry
1-3-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8901, Japan Tel: +81-(0)3-3501-1511
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