November 2025
Economic Trends Research, November 2025
The domestic economy improvedfor six consecutive months
— Driven by tourism and semiconductor demand,with attention focused on trends in Japan-China relations —
Trend in November 2025: Upward Trend
The Economic Diffusion Index (DI) in November 2025 increased by 0.2 points from the previous month to 44.1, marking six consecutive months of improvement for the first time in five years since November 2020.
Although rising purchasing costs weighed on the economy, strong performance in tourism and semiconductor demand sustained the improvement trend.
Future outlook: Gradual recovery
The domestic economy is expected to continue its gradual improvement trend, albeit with minor fluctuations.
Primary points of survey results(summary)
- 1 By industry: 4 out of 10 industries improved, with some industries such as the tourism-related sector remaining resilient.
- 2 By scale: "Large firms" and "small to medium-sized firms" improved, while "micro firms" deteriorated.
- 3 By region: 5 regions improved, 5 regions worsened, reflecting contrasting trends in construction and event-related demand.
Economic Trends Research, November 2025Economic and Industry Trends TOP