Information Releases

January. 2022

Economic Trends Research, January 2022

Domestic economy worsened for the first time in five months due to omicron variant
— Suppressed corporate activities again, a surge in raw materials cost also exerted downward pressure —

Overview of January 2022: Heavy slump

The economic diffusion index (DI) in January 2022 was 41.2, down 2.7 points from the previous month, and worsened for the first time in five months. The domestic economy experienced a heavy slump, such as corporate activities were suppressed again due to a rapid increase in the numbers of infectiont.

Future outlook: Gradual recovery following a temporary depression

The economy is believed to be on a gradual trend of recovery following a temporary depression. However, close attention must be paid to downside risk trends.

Primary points of survey results(summary)

1. 1 By industry: The spread of the omicron variant became a negative factor in many business sectors.
2. 2 By size: Worsened in all sized for the first time in five months, with a heavy slump in SMEs.
3. 3 By region: Worsened in all ten regions for the first time in five months, with downward factors of the infection spreading and heavy snow.

Economic Trends Research, January 2022