Information Releases

Jan. 2020

Economic Trends Research, January 2020

Stagnation of production activities, with an additional blow from the record warm winter
— Domestic economy worsens for the fourth month in a row, and concerns about a new type of pneumonia —

Overview of January 2020: Recession phase

The economic diffusion index (DI) in January 2020 was 41.9, down 0.6 points from the previous month, and worsened for the fourth consecutive month. While inventory adjustment is ongoing, a recession phase continues in the domestic economy, together with the record warm winter.

Future outlook: Moderate recession continues

A moderate recession is expected in the domestic economy, with the biggest risk factor being overseas trends.

Primary points of survey results(summary)

1. 1 By industry : Five of the ten industries deteriorated. The impact of the warm winter put downward pressure on a wide range of industries.
2. 2 By size : All sizes deteriorated for the fourth month in a row, with an increased cost burden, such as for fuel, being a negative factor.
3. 3 By region : Eight of the ten regions deteriorated, with a tendency for the warm winter, mainly in northern Japan, being a negative factor.

Economic Trends Research,December 2019