Current Economic
Climate in Kyushu

Kyushu Economic Research CenterContents
 Location and size of Kyushu
 Characteristics of Kyushu’s economy
 Kyushu’s main industries
 Kyushu’s largest city: Fukuoka City
 Current economic conditions in Kyushu

2

Kyushu Economic Research Center

Location of Kyushu●SAPPORO

TOKYO

OSAKA
FUKUOKA

KYUSHU

3

Kyushu Economic Research Center

Asian continent and Japan/Kyushu

Tokyo

KYUSHUOsaka NahaFukuoka

SapporoBusanTaipei
Vladivostok● SeoulFuzhouHong Kong

Shanghai
QingdaoNanjing
Guangzhou

DalianHarbinShenyang

Wuhan
TianjinBeijing
Source: Prepared by Kyushu Economic Research Center

4

Kyushu Economic Research Center

Geographic location of Kyushu
from FUKUOKA• 200 km: Busan, Hiroshima• 500 km: Seoul, Osaka• 1,000 km: Shanghai, Dalian, Tokyo• 1,500 km: Beijing, Taipei, Sapporo

BeijingSeoul

Fukuoka

Osaka

Tokyo

ShanghaiTaipei

http://www.pref.fukuoka.lg.jp/somu/ken-dayori/201309/html/special.html

5

Kyushu Economic Research Center

Kyushu represents 10% of Japan= 10% of Japan’s economy•

In terms of population and GRP, Kyushu follows three metropolitan areas (i.e. Kanto (Tokyo area),
Kinki (Osaka area), and Tokai (Nagoya area)), with the highest statistics for a local area.

• Land area:

44,514 km2･･･11.8% (2014)• Population:

14.67 million･･･12.3% (2015)– About 30% of Korea’s population, about 60% of Taiwan’s, about 120% of those of Hong Kong andSingapore combined, and about 90% of that of the Netherlands• Real GRP:

51.9 trillion yen ･･･ 9.5%

(FY2012)– About 50% of GDP of Korea, and about 120% of that of Belgium/Taiwan• Retail sales:

13.4 trillion yen ･･･10.5% (2013)• Oil consumption:

17.61 million kl ･･･9.9%• Energy sales:

89 billion kWh ･･･10.8% (FY2014)• Value of construction starts:

2.4 trillion yen ･･･ 9.9%

• No. of new housing starts:

97,426(FY2015)(FY2013)･･･10.9% (2014)• Value of contracted public works: 1.9 trillion yen ･･･11.7% (FY2014)*8 prefectures in Kyushu (including Okinawa)

6

Kyushu Economic Research Center

Kyushu’s position in the global economy
GDP of major countries (2012)
0
Australia
Spain
MexicoKorea
Indonesia
Netherlands
Saudi Arabia
Switzerland
8 prefectures in Kyushu
SwedenPolandBelgium
Argentina
TaiwanThailand
Malaysia
Singapore
Hong Kong
Nigeria
Egypt
Philippines
New ZealandVietnam
Hungary(Million dollars)
500,000 1,000,000 1,500,000 2,000,000
1,564,419
1,322,126
1,183,655
1,129,598
878,043770,067
711,050
631,183
596,768
523,804
489,852
483,402477,028474,269
385,694
304,726
276,520
263,259
262,545
254,671
250,182
171,256
155,820
124,600

Note: Rankings of major countries, excluding the top 10 countries
Source: “International Statistics” published by Ministry of Internal Affairs andCommunications, and JETRO Website

7

GDP per capita of major countries (2012)0

Switzerland
Australia
SwedenCanadaSingapore
U.S.A.
Japan
Netherlands
Belgium
Germany
8 prefectures in Kyushu
FranceEngland
New ZealandHong Kong
Italy
Spain
Saudi Arabia
Korea
TaiwanRussiaPolandHungary
Argentina
BrazilMalaysia
MexicoChina
Thailand

20,00040,00060,00080,000100,000

78,924
67,86955,07252,28352,141
51,163
46,53746,07343,707
41,37640,93539,61739,36738,39936,82733,06928,27825,13623,052
20,48914,17812,82012,49011,61011,347
10,422
9,795
6,070
5,775

(USD)

Note: Rankings of major countries
Source: “International Statistics” published by Ministry of Internal Affairs andCommunications, and JETRO Website

Kyushu Economic Research CenterContents
 Location and size of Kyushu
 Characteristics of Kyushu’s economy
 Kyushu’s main industries
 Kyushu’s largest city: Fukuoka City
 Current economic conditions in Kyushu

8

Kyushu Economic Research Center

Japan is transforming into a society
with a shrinking population
Japan’s long-term population projection (by population composition)
140

Total population
128.06million

120

Youth population
16.84 million（13.1%）

Total population
104.67million

Total population
86.74million

100
Youth population
Youth population
25.17million（24.0%）

80

Working-age
population
81.74million（63.8%）

60

Youth population
7.91million（9.1%）

Working-age
population

Working-age
population
44.18million（50.9%）

Working-age
population
72.11million（68.9%）

40

Elderly population
29.48million（23.0%）

Elderly population
7.39million（7.1%）

20

Elderly population
34.64million（39.9%）

Elderly population

0
1950

1955

1960

1965

1970

1975

1980

1985

1990

1995

2000

2005

2010

2015

2020

2025

2030

2035

2040

2045

2050

2055

2060

Note：Youth population 0～14、 Working-age population 15～64、Elderly population 65～
Source: “Population Projection for Japan: 2011-2060 (January 2012)” by National Institute of Population and Social Security Research

9

Kyushu Economic Research Center

Kyushu’s population is also
increasingly shrinking

九州の市区町村別人口将来推計（2010－2040年）• Kyushu/Okinawa: 2010 → 2040
– 14.60 million →12.12 million– A decrease of 2.48 million (17.0%)
Population change and forecast

Source: 2014 Outline of Kyushu’s Economy (page 12)10(thousand persons)

Source: 2014 Outline of Kyushu’s Economy (page 13)

Kyushu Economic Research Center

Kyushu’s industries have grown ina multi-layered manner.
1950

1960

1970

1980

1990

2000

2010

Agricultural,
forestry, fisheryand food industries
Smokestackindustries(Coal, steel, chemical,
shipbuilding, etc.)
Processing andassembly industries(Automobile,
semiconductor, electronicparts, etc.)

Service industry(Tourism, health,
medical, welfare, etc.)

Clean industry(Environment,
renewable energy,
etc.)
11

Kyushu Economic Research Center

Main foreign currency-earning industries
Trends of rankings of net outflows/exports from Kyushu
Ranking
1st1970

Rolled steel products Rolled steel products

450,001
nd

2

3

4th

5

th

610,950

1990

2000

2005

Steel products

Other electronic/
telecommunications
machinery

Automobile

498,830

1,352,474

991,916

Ceramic, stone, and Agricultural, forestry Agricultural, forestry Agricultural, forestry
clay products
and fisheryand fisheryand fishery

136,220rd

1980(Million yen)

331,732

Agricultural, forestry Ceramic, stone, andand fisheryclay

Electronic parts

492,101

405,642

969,467

Electronic machinery

Steel

Steel

108,654201,249

300,030

287,810

511,162

Basic chemical
products

Pig iron/crude steel

Ceramic, stone, andclay products

Automobiles

Agricultural, forestry
and fishery

92,214

188,628

199,086

216,462

270,970

Chemical fiber raw
materials

Other transportation
machinery

Rubber products

Ceramic, stone, andclay products

Food and beverages

64,966

184,385

142,141

177,767

240,514

Note 1: Excludes tertiary industries.
Note 2: Net outflows/exports = (outflow amount + Export amount) – (Inflow + Import)
Source: Prepared by Kyushu Economic Research Center using “Interregional Input-Output Table” published by Ministry of Economy, Trade and Industry.

12

Kyushu Economic Research CenterIndustries representing over 10% in terms of size in Japan–
Industry groups earning foreign currencies• Agricultural production
1.8 trillion yen･･･ 20.5%• Production of forest raw materials 4.67 million m3･･･ 23.4%• Fish catch including fish farming 894,000 tons･･･ 18.9%• Crude steel production
15.90 million tons･･･ 14.4%• Steel ship production
4.26 million gross tons ･･･ 32.0%• Integrated circuit production
0.6 trillion yen･･･ 27.9%• Vehicle production
1.16 million vehicles ･･･ 11.9%(2013)(2014)(2013)(2014)*(FY2014)#(FY2012)*(2014)*

Note: Figures are those for eight prefectures in Kyushu (including Okinawa).
*: Excludes Okinawa. #: Includes Yamaguchi Prefecture.

13

Kyushu Economic Research13
CenterKyushu’s export ratio is high–Building an economic
structure for achieving growth together with Asia
Trends of export ratios by regional bloc (manufacturers)
Hokkaido

Tohoku

Kanto(Tokyoarea )

Chubu(Nagoya
area)

Kinki
(Osakaarea)

Chugoku

Shikoku

KyushuOkinawa

All Japan

北海道 東北 関東 中部 近畿 中国 四国 九州 沖縄 全国

1970

3.8

2.7

8.2

8.4

8.8

7.5

8.5

6.1

－

7.8

1975

3.9

4.1

11.3

11.1

11.0

12.3

10.9

9.1

1.2

10.6

1980

－

－

－

－

－

－

－

8.5

1.2

11.6

1985

2.1

8.8

14.8

15.2

13.2

12.0

12.4

8.5

3.1

13.3

1990

1.4

8.4

11.2

14.3

10.5

9.8

7.8

8.6

8.3

10.9

1995

2.5

8.1

12.6

14.9

10.8

11.8

12.2

12.1

13.8

12.1

2000

3.0

13.2

14.8

17.6

14.7

13.9

15.0

19.0

5.4

15.2

2005

3.1

16.3

17.1

20.9

17.4

17.9

17.6

26.5

3.5

18.4

Source: “Interregional Input-Output Table” published by Ministry of Economy, Trade and Industry.

14

Kyushu Economic Research Center

Rising Gross Regional Product (GRP) as a percentage of national GDP
 Two periods of rising GRP; Up 0.4 percentage point from 2007
Trends of GRP of Kyushu and Yamaguchi asa percentage of national GDP
11.0%
10.8%
10.7%
10.6%

10.5%

10.6%

10.4%
10.4%
10.2%
10.0%

10.3%

10.6%
10.6%

10.3%
10.2%

10.2%

10.1%

9.8%
9.6%
9.4%

9.2%
9.0%
1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Source: “Annual Report on Prefectural Accounts” published by the Cabinet Office

15

Kyushu Economic Research Center

Manufacturers are maintaining high operating rates■Kyushu’s industrial production has started to surpass national figure.
Trends of industrial production indexes (comparison ofrates (national and Kyushu))

140.0
130.0
120.0

1979.1～2016.1 average＝100

Japan

110.0
100.0
90.0
80.0
70.0

KyushuKyushu ＞Japan

60.0
50.0

Japan＞Kyushu

1 9 5 1 9 5 1 9 5 1 9 5 1 9 5 1 9 5 1 9 5 1 9 5 1 9 5 1 9 5 1 9 5 1 9 5 1 9 5 1 9 5 1 9 5 1 9 5 1 9 5 1 9 5 1 91979 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 2000 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 1
6
Source: “Industrial Production Index” published by Ministry of Economy, Trade and Industry

16

Kyushu Economic Research CenterContents
 Location and size of Kyushu
 Characteristics of Kyushu’s economy
 Kyushu’s main industries
 Kyushu’s largest city: Fukuoka City
 Current economic conditions in Kyushu

17

Kyushu Economic Research Center

Car Island Kyushu• Four automotive companies (Nissan Motor Kyushu, Nissan Shatai Kyushu,
Toyota Motor Kyushu, and Daihatsu Motor Kyushu) have their finished vehicle
plants in Kyushu, with a total production capacity of 1.54 million vehicles.
• In 2014, 1.29 million vehicles were produced.
Production capacity(10 thousand)established

Trends of number of vehicles produced<8 prefectures in Kyushu>

会社名操業開始 生産能力
（年）
（万台）

所在地

NISSAN
MOTOR
日産自動車九州
KYUSHU

1975

53

Fukuoka
福岡県
Prefecture

NISSANSHATAI
日産車体九州KYUSHU

200912

Fukuoka
福岡県
Prefecture

TOYOTA
MOTOR
トヨタ自動車九州
KYUSHU

1992

43

Fukuoka
福岡県
Prefecture

DAIHATSU
MOTOR
ダイハツ九州KYUSHU

2004

46

Oita
大分県
Prefecture

生産車種一部

Source: 2016Outline of Kyushu Economy (page 29)

18

Kyushu Economic Research Center

Silicon Island Kyushu• In Japan, many semiconductor factories have been forced to reorganize, but onefourth of semiconductor production in Japan is still carried out in Kyushu.
• The main factories of semiconductor manufacturing equipment and silicon wafers arealso located in Kyushu.
Trends of IC production volumes< 8 prefectures in Kyushu>

Source: 2016 Outline of Kyushu Economy (page 29)

19

Kyushu Economic Research Center

Office locations–Leading automotive companies

Source: 2016Outline of Kyushu Economy

Office locations–Leading companies handling electronics
products/electronic devices

Kyushu Economic Research CenterFood Island Kyushu• Agricultural production amounted to 1.7 trillion yen, 20% of national
production.
• South Kyushu is famous for its livestock farming, as well as forestry
and fishery industries.
• Fresh food materials are available for its prospering food industry.

Agricultural production by bloc andby food material (2013)

Source: 2016 Outline of Kyushu Economy (page 22)

21

Kyushu Economic Research Center

Onsen Island Kyushu
•

•

22

There are a variety of tourist attractions (e.g. nature, history, and foods) across Kyushu, with onsen as thecentral attraction because there are more hot spring sources and larger volumes of hot spring water than in any
other region.
The number of foreigner visitors to kyushu,Japan increased 2.6 times in 10 years (2004: 560,000 -> 2014:
1,480,000)

Kyushu Economic Research CenterSolar & Geothermal Island Kyushu
The authorized facilities output of the renewable energy（As of the end of July, 2014）

Geothermal power plant for business

Solar
Hokkaido

Hokkaido
Tohoku
Kanto
KyushuTohokuKanto
Chubu

The number of thepower stations
1
6
1
5

The authorization
output（kW)50,000259,800
3,300
212,000

Kinki
Chugoku
Shikokumain hot springs targeted for an application of the hotspring heat generation without digging

KyushuOkinawa（MW） 05,000

10,00015,00020,00025,000

Other renewable energy
Wind

HydraulicBiomass

Geothermal

500

1,000

1,500

Hokkaido
Tohoku
Kanto

Chubu
Kinki
Chugoku
Shikoku

KyushuOkinawa（MW） 0Source: Kyushu Bureau of Economy, Trade and Industry

23

2,000
Source:NEDO(2010)

Kyushu Economic Research Center

Kyushu-Okinawa Earth Strategy for growth industries•

Announced in March 2014 by the Conference of Industrial Competitiveness in Kyushu
and Okinawa.

Clean Industry

Healthy
Smart City

Energy & Environment
Smart
Agriculture

HealthEarth

Agricultural/Forestry/
Fishery/Food Industries
Agriculture

24

Medical/Healthcare/
Cosmetics Industries

Healthcare
Tourism

Tourism Industry
Foods/Green
Tourism

Tourism

Kyushu Economic Research CenterLeading companies headquartered in Kyushu（Sony Semiconductor Corporation）（Kyushu Electric Power） （TOYOTA MOTOR KYUSHU）（TOTO LTD）

（ Daihatsu Motor Kyushu ）（Shin-Idemitsu）（Coca-Cola West ）（ASTEM, Inc）

（YASKAWA ELECTRIC CORPORATION）（Hisamitsu Pharmaceutical ）（Kyushu Railway Company）（Oita Canon）（KYUDENKO CORPORATION ）（Nishi-Nippon Railroad ）（BEST DENKI ）（Saibu-gas）（ASO GROUP）

25（PLENUS）
Kyushu Economic Research Center

Companies in Kyushu that carry on Japanese traditions

Mechanical dolls
Two-arm robot of Yasukawa Electric(Kita Kyushu City)

Ceramics(Kyushu is a leading
region for ceramic
production in Japan.)26

Latest model of washlet toilet of TOTO (Kita Kyushu City)

Kyushu Economic Research Center

Companies in Kyushu that carry on Japanese traditions

Animal-human Caricatures(12th – 13th century)
Yokai Watch 2, a video game released by Level-5(Fukuoka City)

Zen (Zen meditation)

27

Pinball game

Aji Shuchu Counter (individuallypartitioned counter) of Ichiran, a Hakata
ramen restaurant (Fukuoka City)

Kyushu Economic Research CenterContents
 Location and size of Kyushu
 Characteristics of Kyushu’s economy
 Kyushu’s main industries
 Kyushu’ largest city: Fukuoka City
 Current economic conditions in Kyushu

28

Kyushu Economic Research Center

Kyushu’s largest city: Fukuoka City
 City population: 1.5 million; Population of the city and surrounding areas: 2.5 million
 Compact city with urban functions, airport, railway stations, and port located within a radiusof 3 km

Waterfront
Convention zone
International seaport

Fukuoka Airport

Hakata Station
Downtown

Kyushu Sinkansen
City hotel 23,000 rooms

29

http://www.kantei.go.jp/jp/singi/tiiki/toshisaisei/yuushikisya/250328/1.pdf

Kyushu Economic Research CenterGlobal Power City Index（JAPAN） -2015
1

London21

San Francisco

2

New York

22

Madrid

3

Paris

23

Boston

4

Tokyo

24

Osaka

5

Singapore

25

Brussels

6

Seoul

26

Barcelona

7

Hong Kong

27

Chicago8

Berlin28

Geneva9

Amsterdam

29

Milan

10

Vienna30

Washington D.C.

11Frankfurt

31

Istanbul

12

Sydney32

Taipei13

Zurich33

Bangkok14

Los Angeles

34

Kuala Lumpur

15

Stockholm

35

Fukuoka

16

Toronto36

Moscow

17

Shanghai

37

Mexico City

18

Beijing

38

Sao Paulo19

Copenhagen

39

Mumbai20

Vancouver

40

Cairo

Source: “Global Power City Index 2013” published by the Institute for Urban Strategies (Mori Memorial Foundation) in October 2013

30

Kyushu Economic Research CenterGlobal City Competitiveness (USA) -2012

Source: “Hot Spots: Benchmarking Global City Competitiveness” published by Citi Bank（2011)31

Kyushu Economic Research CenterMost Livable Cities (U.K) -2014
1

Copenhagen

11

Sydney21

Barcelona

2

Tokyo

12

Auckland22

Lisbon3

Melbourne

13

Hong Kong

23

Portland

4

Stockholm

14

Berlin

24

Oslo

5

Helsinki

15

Vancouver25

Brisbane

6

Vienna16

Singapore

7

Zürich17

Madrid8

Munich

18

Paris

9

Kyoto

19

Amsterdam

10

Fukuoka

20

Hamburg

Source: “Most Livable Cities Index (Monocle‘s Quality of Life Survey 2014),” Monocle（2014)32

Kyushu Economic Research CenterFukuoka City has plentiful human resources and affordable rents• Students to population ratio
ranks third in Japan.
• Office rent is about 52% ofthat in Tokyo.
• Residential rent is about
47% of that in Tokyo.

Office rent (monthly) (December 2015)
6,000
5,000
4,000

Kyoto
Tokyo
Fukuoka

3,202

3,368

Yokohama

Osaka

3,271

2,793

3,000
2,000
1,000
0
（¥/㎡）

Students to population ratio

5,361

3,000

Tokyo

NagoyaFukuokaResidential rent (monthly housing rent)(Average for 2014)

2,638

2,500

2,182

2,000

1,786
1,506

1,500

1,241

1,000
500
0
（¥/㎡）

Special features of November 2013 Edition of Statistics on Fukuoka
http://www.city.fukuoka.lg.jp/data/open/cnt/3/7274/1/201311SP.pdf

33

Tokyo

Yokohama

Osaka

NagoyaFukuoka

Source:“MIKI OFFICE REPORT” published by Miki Shoji Co.,ltd.,“Retail price survey ” published by Statistics Bureau, Ministry of Internal
Affairs and Communications

Kyushu Economic Research CenterNational Strategic Special Zones (March 2014)•

Six regions have been designated nationwide. Fukuoka City aims to be a Special
Zone for Global Startups and Job Creation.

Niigata City, Niigata Prefecture
Base for large-scale agricultural reforms

Kansai area (Osaka/Hyogo/Kyoto)
Innovation base for medical industries; Support for personnel

Yabu City, Hyogo Prefecture
Base for agricultural reform in semimountainous areas

Tokyo area (Tokyo/Kanagawa/Narita
City, Chiba)
Base for international business and innovation

Fukuoka City, Fukuoka Prefecture
Base for employment reforms to promotebusiness creation

Okinawa
Base for international tourism

34

Kyushu Economic Research CenterContents
 Location and size of Kyushu
 Characteristics of Kyushu’s economy
 Kyushu’s main industries
 Kyushu’s largest city: Fukuoka City
 Current economic conditions (latest trends) in Kyushu

35

Kyushu Economic Research Center

Kyushu’s economy in 2016
 Since 2015, the growth rate of Kyushu’s GRP rises gradually.
 In 2016, the rate of Kyushu is forecasted to increase to 1.8%, a level will
exceed national GDP growth rate for the first time in three years.
Trends of real economic growth rates and forecasts
3.5
3.0

2.8

2.5
2.0

Kyushu GRP

2.0

1.8

1.5
1.0

Japan GDP

1.5

1.1

1.0

0.9

0.5
0.0
-0.5
-1.0

-0.9

-1.0

-1.3

-1.5
(%)

36

2012

2013

2014

2015

2016

Kyushu Economic Research Center

Characteristics of 2016 figures

GRP

FY2015FY2016

Kyushu

＋1.0%

＋1.8%

Japan

＋1.1%

＋1.5%

Trends of growth rate of Kyushu’s economy (real); Contribution• 2015– Slight positive growth by
Improvement of trade balancelead.
– Low price of crude oil andnuclear power plants’s restartlead to it.
– Improvement of householdincome is limited.
– Improvement of private
comsumption is gradual.
• 2016– The pace of recovery
accelerate.
– But, wage growth rate in
Kyushu will be low fornationwide .
– Improvement of trade balancekeep on by increasing foreign
tourists .
37

6%

5.1%

5%

民間消費

住宅投資

設備投資

政府消費

公共投資

純移輸出

その他

GRP

4%
3%

1.7% 1.2%
0.5%
0.8%

2.0%

2.1%

0.4%

2.8%

1.5%

1.8%

2%

1.0%

1%
0%
-1%
-2%

-0.9%
-1.3%

-3%
-2.9%

-4%

FY2002 2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

実績

実績

実績

実績

実績

実績

実績

実績

実績

実績

推計

推計

予測

予測

実績

Note) Real: Fixed-base method (Base for 2005)
Source: “Prefectural Accounts” published by the Cabinet Office, and estimates and predictions by Kyushu
Economic Research Center

Kyushu Economic Research Center

Kyushu’s economy recovered in 2013 dues to Abenomics
•

•

•

•

38

Economy has recovered continuously
since the end of 2012 due to the effectsof Abenomics.
– First arrow (Bank of Japan’squantitative/qualitative easing:Significant impact– Second arrow (Rapid increase inpublic investment)
Announcement of consumption tax hike
– Consumption and housing
investment were activated by lastminute surge in demand.

Kyushu region’s composite economic indexes (Kyushu CI)
130

2005年＝100

Leading index

120

Decreased since the end of 2013
Recovery trend after tax hike in April

110

100

90

80

70

CI: Composite Index covers all
economic trends, and captures themagnitude of economic fluctuations
and tempo by combining rates ofchanges in indexes adopted.
Kyushu Economic Research Center
prepared coincident and leading indexes
as “Kyushu region’s composite
economic indexes (Kyushu CI).”

Coincident index
60

Increased since the end of 2012 withaccelerated growth
Decreased in April due to a reactionary
fall, but the range was small.

50

40
2008

2009

2010

2011

2012

2013

2014

2015

Note) CI: Composite index covers all economic trends, and captures the magnitude of
economic fluctuations and tempo by combining rates of changes in indexes
adopted.
Source: Prepared by Kyushu Economic Research Center.

Kyushu Economic Research CenterEconomy Watchers Survey (Street Corner Economy)
 This survey of economic trends was conducted at the initiative of the Cabinet Office. Surveys
of Kyushu region were conducted by Kyushu Economic Research Center (Number ofwatchers: 210 in Kyushu; 2,050 nationwide) Current DI: Current economy compared to that three months ago. Leading DI: Future
economic conditions that may change within three months compared to current conditions. If
DI exceeds 50, it indicates the economy is improving.
 In 2/2016, current DI was 46.4. It was less than 50 for four consecutive months,Leading DI is
below 50.0.too.
Economy Watchers Survey (Kyushu)
65.0
60.0
55.0

50.0

48.9

45.0

46.4

40.0
35.0
30.0
25.0
20.0
2012

13

14

15

16

Source: “Economy Watchers Survey” published by the Cabinet Office

39

Kyushu Economic Research Center

Introduction to Kyushu Economic Research Center
Kyushu Economic Research Center Established in 1946.
 Public interest incorporated foundation accredited by the
Cabinet Office Private research institute (think tank) that conducts researchon social economy, industrial trends, and regional policy
related to Kyushu, Okinawa, and Yamaguchi

 Conducts voluntary research (including publication of monthly
reports and Economic Survey of Kyushu) using contributions
from supporting members, and also operates the Economics
Library BIZCOLI.
 Investigative services (about 60 investigations a year)
provided to national government, prefectures, cities, towns,
and villages
 Holds a number of economic report meetings, seminars, etc.
Location

Denki Building Kyosokan 5F, 2-1-82 Watanabedori,Chuo-ku, Fukuoka City

Numberof staff57, consisting of 28 full-time officers and staff, 11
research trainees (seconded personnel), and 18
dispatched staff and part-timers.

Organiz
ation

General Affairs Dept., Planning Dept. (Fukuoka
Association of Corporate Executives), Business
Development Dept., Research and Investigation Dept.
Monthly report by Kyushu
Economic Research Center

40

Economic Survey of Kyushu 2014

Kyushu Economic Research CenterEconomics Library of Kyushu Economic Research Center
BUSINESS+COMMUNICATION+LIBRARY

BIZCOLI
Membership library linking people and creating ideas

Copyright by Kyushu Economic Research CenterThank you for your attention.

(Hakata Doll)

42

Kyushu Economic Research Center