Research

Asia Pacific Economic Forecast : Monthly Report(Kansai)

APIR provides weekly and monthly assessments of current economic conditions and future outlooks for the United States and Japan. We also provide detailed quarterly predictions for the economies of Kansai and Japan.

  • INADA, Yoshihisa

    Kansai Economic Insight Monthly Vol. 101 (September 2021)

    Asia Pacific Economic Forecast

    Asia Pacific Economic Forecast » Monthly Report(Kansai)

     / DATE : 

    AUTHOR : 
    INADA, Yoshihisa / KARAVASILEV, Yani

    ABSTRACT

    Kansai economy back on track to recovery but anti-COVID-19 measures  might suppress consumption despite decreasing number of infections

    Download the full report for a detailed analysis.

    PDF
  • INADA, Yoshihisa

    Kansai Economic Insight Monthly Vol. 100 (August 2021)

    Asia Pacific Economic Forecast

    Asia Pacific Economic Forecast » Monthly Report(Kansai)

     / DATE : 

    AUTHOR : 
    INADA, Yoshihisa / KARAVASILEV, Yani

    ABSTRACT

    Kansai economy back on track to recovery. State of emergency and new COVID-19 variants likely to suppress private consumption

    Download the full report for a detailed analysis.

    PDF
  • INADA, Yoshihisa

    Kansai Economic Insight Monthly Vol. 99 (July 2021)

    Asia Pacific Economic Forecast

    Asia Pacific Economic Forecast » Monthly Report(Kansai)

     / DATE : 

    AUTHOR : 
    INADA, Yoshihisa / KARAVASILEV, Yani

    ABSTRACT

    Outlook: Kansai’s economy is on track to recovery. The vaccination rate is on the rise but highly infectious mutant strains of COVID-19 pose risks . 

    Download the full report for a detailed analysis.

    PDF
  • INADA, Yoshihisa

    Kansai Economic Insight Monthly Vol. 98 (June 2021)

    Asia Pacific Economic Forecast

    Asia Pacific Economic Forecast » Monthly Report(Kansai)

     / DATE : 

    AUTHOR : 
    INADA, Yoshihisa / KARAVASILEV, Yani

    ABSTRACT

    Outlook: Kansai’s economy is back on track to recovery. The vaccine rollout is expected to play a key role in the recovery of private consumption. 

    Download the full report for a detailed analysis.

    PDF
  • INADA, Yoshihisa

    Kansai Economic Insight Monthly Vol. 97 (May 2021)

    Asia Pacific Economic Forecast

    Asia Pacific Economic Forecast » Monthly Report(Kansai)

     / DATE : 

    AUTHOR : 
    INADA, Yoshihisa / KARAVASILEV, Yani

    ABSTRACT

    Outlook: Kansai’s economy back on track to recovery but prospects overshadowed by new state of emergency. 

    Download the full report for a detailed analysis.

    PDF
  • INADA, Yoshihisa

    Kansai Economic Insight Monthly Vol. 96 (April 2021)

    Asia Pacific Economic Forecast

    Asia Pacific Economic Forecast » Monthly Report(Kansai)

     / DATE : 

    AUTHOR : 
    INADA, Yoshihisa / KARAVASILEV, Yani

    ABSTRACT

    Outlook: Kansai’s economy is on track to recovery but resurging infections are likely to undermine spending on services

    Download the full report for a detailed analysis.

    PDF
  • INADA, Yoshihisa

    Kansai Economic Insight Monthly Vol. 95 (March 2021)

    Asia Pacific Economic Forecast

    Asia Pacific Economic Forecast » Monthly Report(Kansai)

     / DATE : 

    AUTHOR : 
    INADA, Yoshihisa / KARAVASILEV, Yani

    ABSTRACT

    Outlook: Kansai’s economy expected to recover but resurging infections pose risks

    Download the full report for a detailed analysis.

    PDF
  • INADA, Yoshihisa

    Kansai Economic Insight Monthly Vol. 94 (February 2021)

    Asia Pacific Economic Forecast

    Asia Pacific Economic Forecast » Monthly Report(Kansai)

     / DATE : 

    AUTHOR : 
    INADA, Yoshihisa / KARAVASILEV, Yani

    ABSTRACT

    Outlook: Kansai’s economy expected to recover after bottoming out

    Download the full report for a detailed analysis.

    PDF
  • INADA, Yoshihisa

    Kansai Economic Insight Monthly Vol. 93 (January 2021)

    Asia Pacific Economic Forecast

    Asia Pacific Economic Forecast » Monthly Report(Kansai)

     / DATE : 

    AUTHOR : 
    INADA, Yoshihisa / KARAVASILEV, Yani

    ABSTRACT

    Outlook: Kansai’s economy expected to recover after bottoming out

    Download the full report for a detailed analysis.

    PDF
  • INADA, Yoshihisa

    Kansai Economic Insight Monthly Vol. 92 (December 2020)

    Asia Pacific Economic Forecast

    Asia Pacific Economic Forecast » Monthly Report(Kansai)

     / DATE : 

    AUTHOR : 
    INADA, Yoshihisa / KARAVASILEV, Yani

    ABSTRACT

    Outlook: Kansai’s economy shows signs of recovery after bottoming out

    Download the full report for a detailed analysis.

    PDF
  • INADA, Yoshihisa

    Kansai Economic Insight Monthly Vol. 91 (November 2020)

    Asia Pacific Economic Forecast

    Asia Pacific Economic Forecast » Monthly Report(Kansai)

     / DATE : 

    AUTHOR : 
    INADA, Yoshihisa / KARAVASILEV, Yani

    ABSTRACT

    Outlook: Kansai’s economy shows signs of recovery after bottoming out

    Download the full report for a detailed analysis.

    PDF
  • INADA, Yoshihisa

    Kansai Economic Insight Monthly Vol. 90 (October 2020)

    Asia Pacific Economic Forecast

    Asia Pacific Economic Forecast » Monthly Report(Kansai)

     / DATE : 

    AUTHOR : 
    INADA, Yoshihisa / KARAVASILEV, Yani

    ABSTRACT

    Outlook: Kansai’s economy shows signs of bottoming out

    Download the full report for a detailed analysis.

    PDF
  • INADA, Yoshihisa

    Kansai Economic Insight Monthly Vol. 89 (September 2020)

    Asia Pacific Economic Forecast

    Asia Pacific Economic Forecast » Monthly Report(Kansai)

     / DATE : 

    AUTHOR : 
    INADA, Yoshihisa / KARAVASILEV, Yani

    ABSTRACT

    Outlook: Kansai’s economy keeps deteriorating but shows signs of bottoming out

    Download the full report for a detailed analysis.

    PDF
  • INADA, Yoshihisa

    Kansai Economic Insight Monthly Vol. 88 (August 2020)

    Asia Pacific Economic Forecast

    Asia Pacific Economic Forecast » Monthly Report(Kansai)

     / DATE : 

    AUTHOR : 
    INADA, Yoshihisa / KARAVASILEV, Yani

    ABSTRACT

    Outlook: Kansai’s economy keeps deteriorating but shows signs of bottoming out

    Download the full report for a detailed analysis.

    PDF
  • INADA, Yoshihisa

    Kansai Economic Insight Monthly Vol. 87 (July 2020)

    Asia Pacific Economic Forecast

    Asia Pacific Economic Forecast » Monthly Report(Kansai)

     / DATE : 

    AUTHOR : 
    INADA, Yoshihisa / KARAVASILEV, Yani

    ABSTRACT

    Outlook: Severe economic deterioration looming in Kansai

    Download the full report for a detailed analysis.

    PDF
  • INADA, Yoshihisa

    Kansai Economic Insight Monthly Vol. 86 (June 2020)

    Asia Pacific Economic Forecast

    Asia Pacific Economic Forecast » Monthly Report(Kansai)

     / DATE : 

    AUTHOR : 
    INADA, Yoshihisa / KARAVASILEV, Yani

    ABSTRACT

    Outlook: Severe economic deterioration looming

    Download the full report for a detailed analysis.

    PDF
  • INADA, Yoshihisa

    Kansai Economic Insight Monthly Vol. 85 (May 2020)

    Asia Pacific Economic Forecast

    Asia Pacific Economic Forecast » Monthly Report(Kansai)

     / DATE : 

    AUTHOR : 
    INADA, Yoshihisa / KARAVASILEV, Yani

    ABSTRACT

    Outlook: Kansai’s economy likely to remain on a downward trajectory

    Download the report for a detailed analysis.

    PDF
  • INADA, Yoshihisa

    Kansai Economic Insight Monthly Vol. 84 (April 2020)

    Asia Pacific Economic Forecast

    Asia Pacific Economic Forecast » Monthly Report(Kansai)

     / DATE : 

    AUTHOR : 
    INADA, Yoshihisa / KARAVASILEV, Yani

    ABSTRACT

    Outlook: Kansai’s economy is likely to remain on a downward trajectory

    ▶  Production: Production declined in February.
    ▶  International trade: In March, Kansai’s trade surplus was smaller than the previous month.
    ▶  Business confidence: The Economy Watcher DI in March reached an all-time low.
    ▶  Wages: Both nominal and real wages kept declining in January.
    ▶  Labor market: In February, the job offers-to-applicants ratio kept deteriorating, and the unemployment rate kept increasing.
    ▶  Private Consumption: In February, department store sales plummeted while supermarket sales rose due to stockpiling in the face of the coronavirus pandemic.
    ▶  Housing: The number of new housing starts kept decreasing in February.
    ▶  Construction: Construction investments in February kept expanding, albeit at a decelerating pace. The contract amount for public works projects in March increased.
    ▶   Inbound tourism: Due to the impact of the coronavirus, the number of international arrivals at Kansai International Airport in March plunged -95.1% year-on-year.
    ▶  Chinese economy: China saw its Q1 GDP shrink for the first time since quarterly GDP statistics started in 1992.

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  • INADA, Yoshihisa

    Kansai Economic Insight Monthly Vol. 83 (March 2020)

    Asia Pacific Economic Forecast

    Asia Pacific Economic Forecast » Monthly Report(Kansai)

     / DATE : 

    AUTHOR : 
    INADA, Yoshihisa / KARAVASILEV, Yani

    ABSTRACT

    Outlook: Kansai’s economy is likely to remain on a downward trajectory

    ▶  Production: Although production increased in January, it has not recovered from the October-November slump.
    ▶  International trade: In February, Kansai’s trade deficit turned into a surplus due to the slump in imports from coronavirus-hit China.
    ▶  Business confidence: The Economy Watcher DI in February reached its lowest level since April 2011 (after the Great East Japan Earthquake).
    ▶  Wages: Both nominal and real wages kept declining in December.
    ▶  Labor market: In January, the job offers-to-applicants ratio deteriorated, and the unemployment rate increased.
    ▶  Private Consumption: Department store and supermarket sales in January kept declining. Duty-free sales plunged -71.9% in February.
    ▶  Housing: The number of new housing starts decreased in January.
    ▶  Construction: Construction investments kept expanding in January, but the growth is decelerating. The contract amount for public works projects in February decreased.
    ▶   Inbound tourism: Due to the impact of the coronavirus, the number of international arrivals at Kansai International Airport in February slumped -66.0% year-on-year.
    ▶  Chinese economy: Coronavirus-hit China saw its manufacturing PMI drop to a historic low of 35.7 in February, a level lower than the one registered during the Global Financial Crisis.

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  • INADA, Yoshihisa

    Kansai Economic Insight Monthly Vol. 82 (February 2020)

    Asia Pacific Economic Forecast

    Asia Pacific Economic Forecast » Monthly Report(Kansai)

     / DATE : 

    AUTHOR : 
    INADA, Yoshihisa / KARAVASILEV, Yani

    ABSTRACT

    Summary: Kansai’s economy is deteriorating but likely to level off

    ▶  Production: Production in December increased for the first time in three months. However, overall Q4 production registered the largest decline since the Global Financial Crisis.
    ▶  International trade: In January, Kansai logged a trade deficit. Both exports and imports kept shrinking.
    ▶  Business confidence: The Economy Watcher DI improved in January. However, concerns about the economic impact of the coronavirus epidemic are growing.
    ▶  Wages: Both nominal and real wages kept declining in November.
    ▶  Labor market: In December, the effective job offers-to-applicants ratio improved, but the unemployment rate increased.
    ▶  Private Consumption: Large retailers’ sales kept declining in December. The recovery from the consumption tax hike in October is taking longer than it did in after the tax hike in April 2014.
    ▶  Housing: Although the number of new housing starts in December increased for the first time in five months, 2019 saw an overall decline.
    ▶  Construction: Construction investments marked the the 22st straight month of expansion in December. The contract amount for public works projects in January increased in all prefectures.
    ▶   Inbound tourism: The number of international arrivals at Kansai International Airport in January increased for the first time in two months. The impact of the coronavirus is yet to be felt.
    ▶  Chinese economy: The release of key statistics has been delayed due to the coronavirus outbreak. Excluding the Hubei province, factories across China are gradually resuming operations. Concerns about the future of the Chinese economy are growing.

    PDF