Information Releases

February. 2022

Economic Trends Research, February 2022

While Covid-19 infection continues,Ukraine situation follows.
— Future economy depends very much on economic sanctions against Russia —

Overview of February 2022: Decline continues

The economic diffusion index (DI) in February 2022 was 39.9, down 1.3 points from the previous month, and worsened for the second straight month. The domestic economy continues to experience a slump, with a number of negative factors such as the spread of the Omicron variant, and fuel price increases.

Future outlook: While the economy has been steady, carefully watch downside risks

The economy is expected to remain steady, but downside risks with increasing geopolitical uncertainty must be watched carefully.

Primary points of survey results(summary)

1. 1 By industry: Worsened in 41 businesses in 9 industries. Growing concerns about soaring crude oil prices in response to the Ukraine situation..
2. 2 By size: Worsened in all sizes for the second straight month, adversely affected by spread of the Omicron variant, etc.
3. 3 By region: Worsened in all ten regions for the second straight month. The impact of heavy snow was also a negative factor.

Economic Trends Research, February 2022