Kansai Economic Insight Monthly Vol. 80 (December 2019)
Abstract
Summary: Kansai’s economy is deteriorating but likely to level off
▶ Production: Production in October declined after expanding in September.
▶ International trade: Although Kansai logged a trade surplus in November, exports and imports kept shrinking.
▶ Business confidence: The DI improved in November but it remains low.
▶ Wages: Both nominal and real wages kept declining in September.
▶ Labor market: The number of job openings decreased and unemployment increased in October.
▶ Consumption: Large retailers’ revenues in October slumped after the consumption tax hike.
▶ Housing: The number of new housing starts in October declined.
▶ Construction: The monetary value of construction investments in October kept rising.
▶ Inbound tourism: International arrivals at KIX in November grew despite the decline in Korean visitor numbers.
▶ Chinese economy: China’s PMI improved in November, surpassing the cutoff level of 50 for the first time in seven months. However, the future outlook remains unclear.
著者
INADA, Yoshihisa
Director of Research & Derector of Center for Quantitative Economic Analysis(CQEA), Asia Pacific Institute of Research and Professor emeritus, Konan University
Macroeconomics, Applied Econometrics, Economic Forecasting
KARAVASILEV, Yani
Associate Professor, Kwansei Gakuin University and Research Fellow, Asia Pacific Institute of Research
Economic Development, Foreign Direct Investment, International HRM, the Asian and Japanese Economies