Economic Judgment in All Regions Revised downward all at once in 11 years and 3 months 13:02 April 27, Ministry of Finance
The impact on the local economy due to the spread of the new coronavirus is becoming serious. The Ministry of Finance summarized the current economic conditions in 11 regions across the country and revised the economic judgments for all regions simultaneously for the first time in 11 years and 3 months.
Once every three months, the Ministry of Finance compiles the current state of the economy in 11 regions nationwide and publishes it as an economic situation report.
As a result, the spread of new coronavirus infections has led to a worldwide decline in demand, company production activities have stagnated throughout Japan, and the number of vacancies in service industries such as lodging has declined.
On top of that, we have revised down economic judgments for all 11 regions across the country. It is the first time in 11 years and 3 months since January 2009, after the Lehman Shock, that the judgments of all regions will be revised downward.
Judgment from each region was made into “extremely severe” for the five regions of Hokkaido and Kanto, Tokai, Kinki, and Okinawa, and “severe” for the five regions of Tohoku and Hokuriku, China, Kyushu, and Fukuoka. ▽ Shikoku is defined as "the situation where the foot has been pressed down."
On that basis, the economic nationwide judgment was revised down for the first time in seven years and six months, saying that it is "downwardly rapidly, and it is in a very difficult situation", and now it is reported 2001 The judgment has been shown in the strictest terms since the year.
The Ministry of Finance said, "As for the outlook for the economy, we need to be careful about the risk of a further downturn."