Ministry of Economy, Trade and Industry
Font Size Change
S
M
L

Results of the Regional Economic and Industrial Research (April-June 2015)

The Ministry of Economy, Trade and Industry (METI) has compiled the results of the regional economic and industrial research conducted by 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) on a quarterly basis in order to identify regional economic trends, and hereby releases the results.

Highlights of the results
The assessment of the national economic situation remains the same as that in the previous quarter. It is “improving moderately,” although some businesses show weakness. Compared to the previous quarter, the assessment of regional economic conditions has been revised upward in the Hokkaido, Tokai, and Kinki regions, and remains the same in the other regions.

As for production in the automobile industry, international automobile sales, particularly to North America, have shown steady performance. Meanwhile, domestic sales still maintain a weak tone due to the effects of the light vehicle tax hike. Production in the electronic devices sector as well as the general-purpose, production, and business-oriented machinery sector remains steady in foreign markets.

Concerning business investment, some manufacturers have engaged in proactive investment toward the improvement of production capacity, while non-manufacturers nationwide have demonstrated a tendency toward opening new locations, mainly in the retail sector.

As for the employment situation, according to comments from some respondents, a labor shortage remains from the previous quarter, and some say that this situation will persist in the future, although others say that businesses have secured adequate human resources.

As for private consumption across Japan, according to comments from some respondents, sales of food at supermarkets remain steady, and also sales of luxury goods at department stores are recovering, while private consumption still seems to be favoring inexpensive purchases according to other respondents. As for sales in the home appliance industry, a recovery from the effects of the reactionary decline after the last-minute increased demand preceding the consumption tax hike can be seen. In sales in the automobile industry, however, the effects of the reactionary decline after the last-minute increased demand preceding the light vehicle tax hike can be seen. As for tourism, sales to foreign tourists continue to be brisk as in the previous quarter, according to 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, including 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 2015 period (the survey was conducted from June 4 to June 26, 2015, covering 818 companies).

Release date

July 22, 2015

Division in Charge

Regional Bureau Administration Office, Regional Economic and Industrial Policy Group

Ministry of Economy, Trade and Industry
1-3-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8901, Japan Tel: +81-(0)3-3501-1511
Copyright Ministry of Economy, Trade and Industry. All Rights Reserved.