Ministry of Economy, Trade and Industry
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Results of the Regional Economic and Industrial Research (July-September 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 region, has been revised downward in the Kinki and Shikoku regions, and remains the same in other regions.
As for production in the automobile industry, international automobile sales, particularly to North America, have shown steady performance. Meanwhile, domestic sales continue to maintain a weak tone due to the effects of the light vehicle tax hike. Production of smartphones in the electronic devices sector has shown a weak tone due to the effects of Chinese economy, whereas production for foreign markets in the general-purpose, production, and business-oriented machinery sector remains steady.

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 at supermarkets, particularly of food and beverages, and sales of luxury goods at department stores remain steady. Meanwhile, private consumption still seems to be favoring inexpensive purchases according to other respondents. Sales in the home appliance industry, mainly of seasonal appliances, such as air conditioners, are brisk as in the previous quarter, and sales of major appliances are becoming brisk. In sales in the automobile industry, decreased demand following the light vehicle tax hike can be seen. As for tourism, consumption by foreign tourists continues 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 July-September 2015 period (the survey was conducted from September 1 to September 25, 2015, covering 815 companies).

Reference 1: Regional Economic and Industrial Research (July-September 2015 period)(PDF:545KB) PDF File(Updated on November 12, 2015)
Reference 2: Regional Economic and Industrial Research (July-September 2015 period) (general and regional summaries)(PDF:1,043KB) PDF File (Updated on November 12, 2015)

Release date

October 21, 2015

Division in charge

Regional Economic and Industrial Policy Division, 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
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