Information Releases

June. 2023

Economic Trends Research, June 2023

Economic recovery halted,worsened for the first time in five months
— While prolonged labor shortages and inflation gradually affected the economy, the expansion of inbound tourism was a positive factor —

Trend in June 2023: Recovery trend temporarily halted

The economic diffusion index (DI) in June 2023 was 45.0, down 0.4 points from the previous month, showing the first deterioration in five months. The economy’s recovery trend was temporarily halted due to negative factors such as prolonged labor shortages and inflationary trends.

Future outlook: Continued trend toward gradual recovery

As the movement toward leaving COVID behind continues, the economy is expected to be on a gradual recovery trend.

Primary points of survey results(summary)

1. 1 By industry: Downturn in 7 out of 10 industries. While larger numbers of people going out in public was a positive factor, the impact of price hikes was a heavy burden on the industry.
2. 2 By scale: Worsened in all sizes for the first time in six months due to the continuing impact of high prices.
3. 3 By region: Worsened in 7 out of 10 regions due to weak consumer spending in each region.

Economic Trends Research, June 2023