Information Releases

Jul. 2020

Economic Trends Research, July 2020

Severe economic situation continued, although there were signs of some recovery
— Economic stagnation due to re-spread of COVID-19 infection is the biggest downside risk —

Overview of July 2020: Recession phase

The domestic economy showed signs of recovery in July, although at a low level, through the contribution from resumption of economic activities. The domestic economy showed some signs of recovery, but it continued to be at a severe level.

Future outlook: Ceasing to fall

While re-stagnation of economic activities is going to be the biggest risk factor for the future economy, it seems that the economy continues to be at a low level.

Primary points of survey results(summary)

1. 1 By industry : Business confidence was positive in nine industries, but is still at a low level.
2. 2 By size : Severe business confidence continues, although a recovery continues for the second consecutive month in all sizes.
3. 3 By region : Signs of recovery were seen in all ten regions, but some regions were affected by intense rainfall.

Economic Trends Research, July 2020