Information Releases

January. 2023

Economic Trends Research, January 2023

Domestic economy deteriorates for second straight month while cost burden increases
— Reflects rising living costs, lackluster production and shipments,and economic uncertainty overseas —

Trends in January 2023: Deterioration continues

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: Continued tendency to level off

Although uncertainty about economic conditions overseas will heighten, the economy is expected to generally level off.

Primary points of survey results(summary)

1. 1 By industry: Downturn in 7 industries, 37 business categories. The cost of raw materials and the jump in electric bills are a heavy burden on corporate activity.
2. 2 By size: Large corporations are leveling off, but small- and medium-sized companies had a second straight month of decline.
3. 3 By region: Worsened in all 10 regions for the first time in 11 months. Regional disparities are tending to expand.

Economic Trends Research, January 2023