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According to reports at the meeting of general managers of the Bank's branches and the Regional Economic Report released on April 21, 2005, the economy was on a gradual recovery trend in most regions, although there seemed to be some weak movements.
I hear reassuring remarks of corporate managers, for example, in the reports made at the meetings of general managers of the Bank's branches, such as that they are determined to continue with their investment in research and development, human resource training, and mergers and acquisitions, to prepare for the future despite, and also because of.
As for private consumption, many members expressed the view that the recovery continued to be weak, judging from indicators released in the past month and reports at the meeting of general managers of the Bank's branches.
A few members said that it was confirmed at the meeting of general managers of the Bank's branches and in the Regional Economic Report, which was released on October 20, 2005, that the economy was on a recovery trend in most regions, although there were differences in the degree of improvement.
Reports at the meeting of general managers of the Bank's branches and the Regional Economic Report released on January 13, 2006 confirmed that the economic recovery was spreading to many regions of the country, although disparities remained in the degree of improvement.
In addition, a few members said that, based on the December 2017 Tankan(Short-Term Economic Survey of Enterprises in Japan) and the reports at the January 2018 meeting of general managers of the Bank's branches, it had been reconfirmed that the benefits of the economic expansion had been spreading steadily from metropolitan to regional areas, and from large to small firms.
A few members said that the recent reports on regional economies made at the meeting of general managers of the Bank's branches confirmed that the recovery was spreading to regional economies on the whole, although some areas still depended heavily on public investment and lacked momentum for recovery due to their economic structure.
The survey was administered to early- and mid-career financial institution staff in their 20s to 50s(excluding staff with positions of branch chief or higher). Responses were collected from 509 major commercial bank and trust bank staff, 294 regional bank staff, 66 second-tier regional bank staff, 143 credit association staff and 22 credit cooperative staff, for a total of 1034 respondents.
One member said that the meeting of general managers of the Bank's branches and the Regional Economic Report had provided anecdotal information confirming, for example, the degree of progress in adjustments in IT-related sectors. A different member added that it was important to monitor developments in regional economies in various ways, including use of the report.
Many members then noted that it was necessary to closely monitor how the recent weakness in exports and production would affect firms' fixed investment plans as well as the employment and income situation taking into consideration, for example, the results of the March Tankan(Short-Term Economic Survey of Enterprises in Japan) and anecdotal information obtained from interviews with firms to be reported at the April meeting of general managers of the Bank's branches.
According to the Bank's quarterly branch managers' meeting in January, upbeat views expressed by business managers were returning. Such views were that"demand for smart phones and tablet devices has been strong and there are prospects for inventory adjustments particularly of electronic parts to be completed," or that"orders from emerging economies especially for machine tools have been increasing in number.
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