The Ministry of Finance held a meeting of finance bureau chiefs on the 1st, and decided that the nation's economy was recovering moderately.
As for the outlook, it is necessary to pay attention to such factors as rising prices and fluctuations in the financial and capital markets, where the yen continues to depreciate rapidly.
On the 1st, the Ministry of Finance held a tri-monthly meeting of finance bureau chiefs and summarized the current state of the economy in 11 regions nationwide in the "Economic Situation Report."
As a result, since January this year, the same judgment has been made for the fourth consecutive quarter, saying that the national economy is "gradually recovering."
By item,
▽"Private consumption" is "recovering moderately," although there are concerns about a decline in purchasing power due to rising prices.
▽ Corporate "production activities" are said to be "recovering" due to the easing of supply-side constraints such as shortages of semiconductors, mainly in the automobile industry.
In addition,
▽"Employment situation" is said to be "gradually recovering" due to the rise in factory operation rate and the recovery of tourism demand.
By region, 10 out of 11 regions left the decision unchanged, while the decision was raised in Okinawa due to factors such as the recovery in consumption.
On the other hand, regarding the outlook for the economy, it pointed out the risks of a downturn in overseas economies, and said it was necessary to pay close attention to fluctuations in the financial and capital markets, where prices continued to rise and the yen rapidly depreciated.