The Ministry of Finance held a nationwide meeting of finance bureau directors on the 27th, and revised the nationwide economic judgment downward for the first time in a year and a half in response to the continued reduction in automobile production due to difficulty in procuring parts.

The Finance Bureau Directors' Meeting is held every three months to summarize the current state of the economy in 11 regions nationwide in the "Economic Situation Report".



At the meeting on the 27th, the nationwide economic judgment was revised downward, and the expression was changed from "recovering" in July last time to "although the movement of recovery is continuing, the tempo is slowing down."



It is the first time in a year and a half since April last year that the nationwide economic judgment has been revised downward. It is said that this is because personal consumption such as sales is weak.



Looking at each region, the economic judgment was revised downward in four regions, including "Tokai" and "China", which produce a large number of automobiles, "Fukuoka", which points to northern Kyushu, and "Shikoku".



On the other hand, the economic judgment of "Kyushu", which refers to the southern part of Kyushu, was raised due to strong production of electronic parts, but the remaining six regions remained unchanged.



Regarding the outlook for the future, the Ministry of Finance warns that "it is necessary to pay close attention to the downside risk due to the impact through the supply chain and the impact of infection trends on the local economy."

Keywords: