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11/20/25

BOJ Fukuoka Branch Reports Gradual Recovery in Kyushu Economy for November

The Bank of Japan's Fukuoka Branch has released its November report on Kyushu's economic conditions, noting that the regional economy continues to recover slowly, though pockets of weakness remain across several sectors.


Personal Consumption: Steady Despite Inflation

Consumer spending is holding firm even as inflation persists.

  • Department stores: strong

  • Supermarkets: steady

  • Convenience stores: steadily progressing

  • Home appliances: flat

  • New passenger car registrations: recovering

  • Tourism services: increasing


Housing Investment: Weakening

Housing investment continues to soften.

The number of new housing starts in September fell below the level recorded a year earlier.


Public Investment: Increasing

Public-sector investment is on the rise.


Capital Investment: Strong

Corporate capital investment remains solid.


Exports: Showing Weakness

Exports are weakening overall, and the estimated export value for September was lower than the previous year.


Production: Flat with Sectoral Differences

Overall production is flat, but performance varies by industry:


  • Automobiles: decline has stopped

  • Shipbuilding: increasing

  • Electrical equipment: generally strong, though with some weak areas

  • Chemicals: recovering

  • Metals: some weakness

  • Food products: decreasing


Employment and Income: Recovering

Labor market conditions and household income continue to improve.


Prices: Inflation Persists

Consumer prices in August rose 3.4% year-on-year, reflecting ongoing inflationary pressure.


＜Reference＞

金融経済概況（九州・沖縄）/日本銀行福岡支店

https://www3.boj.or.jp/fukuoka/gaikyo.html


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