Japan’s Cabinet Office Monthly Economic Report History

The following table is a historical summary of the assessment of the current state of the Japanese Economy from the Cabinet Office in Tokyo.

The full September report and archived prior reports are available at the Cabinet Office’s website at http://www.cao.go.jp/index-e.html.

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Report                            Economic
 Month                           Assessment
================================================================================
         ---------------------------------2011---------------------------------
Sept.    The Japanese economy is picking up while difficulties continue to
         prevail due to the Great East Japan Earthquake.
Aug.     The Japanese economy is picking up while difficulties continue to
         prevail due to the Great East Japan Earthquake.
July     Upward movements are observed in the Japanese economy while
         difficulties continue to prevail, due to the Great East Japan
         Earthquake.
June     Upward movements are observed in the Japanese economy while
================================================================================
Report                            Economic
 Month                           Assessment
================================================================================
         difficulties continue to prevail, due to the Great East Japan
         Earthquake.
May      The Japanese economy shows weakness recently, due to the
         influence of the Great East Japan Earthquake. Also, it remains in a
         difficult situation such as a high unemployment rate.
April    Although the Japanese economy was picking up, it shows weakness
         recently, due to the influence of the Great East Japan Earthquake.
         Also, it remains in a difficult situation such as a high
         unemployment rate.
March    Although the Japanese economy is turning to pick up, it is only weakly
         self-sustaining and the influence of the Tohoku-Pacific Ocean
         Earthquake is concerned. Also, it remains in a difficult situation such
         as a high unemployment rate.
Feb.     The Japanese economy is showing movements towards a pickup
         and emerging from a recent pause in activity. However, it remains in a
         difficult situation such as a high unemployment rate.
Jan.     Although the economic movements appear to be pausing, some
================================================================================
Report                            Economic
 Month                           Assessment
================================================================================
         movements towards a pickup are seen. However, the economy remains
         in a difficult situation such as a high unemployment rate.
         ---------------------------------2010---------------------------------
Dec.     The economic movements appear to be pausing recently. It is also in
         a difficult situation such as a high unemployment rate.
Nov.     The economic movements appear to be pausing recently. It is also in
         a difficult situation such as a high unemployment rate.
Oct.     The economic movements appear to be pausing recently. It is also in
         a difficult situation such as a high unemployment rate.
Sept.    Although the economy continues picking up and movements towards
         a self-sustaining recovery are seen, environment becomes more severe
         recently. In addition, the economy remains in a difficult situation
         such as a high unemployment rate.
Aug.     Although the economy has been picking up steadily and the foundation
         for a self-sustaining recovery is being laid, it remains in a difficult
         situation such as a high unemployment rate.
July     Although the economy has been picking up steadily and the foundation
================================================================================
Report                            Economic
 Month                           Assessment
================================================================================
         for a self-sustaining recovery is being laid, it remains in a difficult
         situation such as a high unemployment rate.
June     Although the economy has been picking up steadily and the foundation
         for a self-sustaining recovery is being laid, it remains in a difficult
         situation such as a high unemployment rate.
May      Although the economy has been picking up steadily, it is only weakly
         self-sustaining and remains in a difficult situation such as a high
         unemployment rate.
April    Although the economy has been picking up steadily, it is only weakly
         self-sustaining and remains in a difficult situation such as a high
         unemployment rate.
March    Although the economy has been picking up steadily, it is only weakly
         self-sustaining and remains in a difficult situation such as a high
         unemployment rate.
Feb.     Although the economy has been picking up, it is short of autonomous
         factors and remains in a difficult situation such as a high
         unemployment rate.
================================================================================
Report                            Economic
 Month                           Assessment
================================================================================
Jan.     Although the economy has been picking up, it is short of autonomous
         factors and remains in a difficult situation such as a high
         unemployment rate.
         ---------------------------------2009---------------------------------
Dec.     Although the economy has been picking up, it is short of autonomous
         factors and remains in a difficult situation such as a high
         unemployment rate.
Nov.     Although the economy has been picking up, it is short of autonomous
         factors and remains in a difficult situation such as a high
         unemployment rate.
Oct.     Although the economy has been picking up, it is short of autonomous
         factors and remains in a difficult situation such as a high
         unemployment rate.
Sept.    The economy is showing movements of picking up recently while in
         a difficult situation such as a rise in the unemployment rate at an
         all-time high.
Aug.     The economy is showing movements of picking up recently while in
================================================================================
Report                            Economic
 Month                           Assessment
================================================================================
         a difficult situation.
July     The economy is showing movements of picking up recently while in
         a difficult situation.
June     While the economy is in a difficult situation, movements of picking
         up are seen in some areas.
May      While the economy is in a difficult situation, the tempo of worsening
         has become moderate.
April    The economy is worsening rapidly while in a severe situation.
March    The economy is worsening rapidly while in a severe situation.
Feb.     The economy is worsening rapidly while in a severe situation.
Jan.     The economy is worsening rapidly.
         ---------------------------------2008---------------------------------
Dec.     The economy is worsening.
Nov.     The economy has weakened further. Amid further slowdown in the
         global economy,  the downward pressure on the Japanese economy is
         increasing rapidly.
Oct.     The economy has weakened further.
================================================================================
Report                            Economic
 Month                           Assessment
================================================================================
Sept.    The economy is weakening recently.
Aug.     The economy is weakening recently.
July     While the economic recovery appears to be pausing, weak
         movements are seen recently.
June     While the economic recovery appears to be pausing, weak
         movements are seen recently.
May      The economic recovery appears to be pausing recently.
April    The economic recovery appears to be pausing recently.
March    The economic recovery appears to be pausing recently.
Feb.     The economy is recovering at a moderate pace recently.
Jan.     The economy is recovering, while some weaknesses are seen.
         ---------------------------------2007---------------------------------
Dec.     The economy is recovering, while some weaknesses are seen.
Nov.     The economy is recovering, while some weaknesses are seen
         recently.
Oct.     The economy is recovering, while some weaknesses are seen
         recently.
================================================================================
Report                            Economic
 Month                           Assessment
================================================================================
Sept.    The economy is recovering, while some weaknesses are seen
         recently.
Aug.     The economy is recovering, despite weakness in industrial
         production in some sectors.
July     The economy is recovering, despite weakness in industrial
         production in some sectors.
June     The economy is recovering, despite weakness in industrial
         production in some sectors.
May      The economy is recovering, despite weakness in industrial
         production in some sectors.
April    The economy is recovering, despite weakness in industrial
         production in some sectors.
March    The economy is recovering, despite some weakness in consumption.
Feb.     The economy is recovering, despite some weakness in consumption.
Jan.     The economy is recovering, despite some weakness in consumption.
         ---------------------------------2006----------------------------------
Dec.     The economy is recovering, despite some weakness in consumption.
================================================================================
Report                            Economic
 Month                           Assessment
================================================================================
Nov.     The economy is recovering, despite some weakness in consumption.
Oct.     The economy is recovering.
Sept.    The economy is recovering.
Aug.     The economy is recovering.
July     The economy is recovering.
June     The economy is recovering.
May      The economy is recovering.
April    The economy is recovering.
March    The economy is recovering.
Feb.     The economy is recovering.
Jan.     The economy is recovering at a moderate pace.
         ---------------------------------2005---------------------------------
Dec.     The economy is recovering at a moderate pace.
Nov.     The economy is recovering at a moderate pace.
Oct.     The economy is recovering at a moderate pace.
Sept.    The economy is recovering at a moderate pace with the corporate
         sector as well as the household sector improving.
================================================================================
Report                            Economic
 Month                           Assessment
================================================================================
Aug.     The economy is recovering at a moderate pace with the corporate
         sector as well as the household sector improving.
July     The economy is recovering at a moderate pace, while some signs are
         seen of coming out of a weak situation.
June     The economy is recovering at a moderate pace, while some signs are
         seen of coming out of a weak situation.
May      The economy is recovering at a moderate pace, while some weak
         movements continue to be seen.
April    The economy is recovering at a moderate pace, while some weak
         movements continue to be seen.
March    The economy is recovering at a moderate pace, while some weak
         movements continue to be seen.
Feb.     The economy is recovering at a moderate pace, while some weak
         movements continue to be seen.
Jan.     The economy is recovering at a moderate pace recently, while some
         weak movements are seen.
         ---------------------------------2004----------------------------------
================================================================================
Report                            Economic
 Month                           Assessment
================================================================================
Dec.     The economy is recovering at a moderate pace recently, while some
         weak movements are seen.
Nov.     The economy continues to recover, while some weak movements are
         seen recently.
Oct.     The economy is recovering at a solid pace.
Sept.    The economy is recovering at a solid pace.
Aug.     The economy is recovering at a solid pace as improvements in the
         corporate sector are extending into the household sector.
July     The economy is recovering at a solid pace as improvements in the
         corporate sector are extending into the household sector.
June     The economy continues recovering steadily with improvement in the
         corporate sector advancing.
May      The economy continues recovering steadily with improvement in the
         corporate sector spreading.
April    The economy continues recovering steadily with improvement in the
         corporate sector spreading.
March    The economy continues recovering steadily, supported by business
================================================================================
Report                            Economic
 Month                           Assessment
================================================================================
         investment and exports.
Feb.     The economy is recovering steadily, supported by business investment
         and exports.
Jan.     The economy is recovering steadily, supported by business investment
         and exports.
         ---------------------------------2003----------------------------------
Dec.     The economy is showing an incipient recovery
Nov.     The economy is showing an incipient recovery.
Oct.     The economy is showing movements toward an incipient recovery
Sept.    The economy is showing movements toward incipient recovery.
Aug.     The economy remains roughly flat. The environment surrounding the
         economy, such as the developments of stock prices and the U.S.
         economy, is showing signs of change.
July     While the economy remains roughly flat, weak movements are
         seen recently in some areas.
June     While the economy remains roughly flat, weak movements are
         seen recently in some areas
================================================================================
Report                            Economic
 Month                           Assessment
================================================================================
May      While the economy has become roughly flat, uncertainty still
         remains.
April    While the economy has become broadly flat, uncertainty still
         remains.
March    While the economy has become roughly flat, uncertainty is increasing
         due to the situation surrounding Iraq.
Feb.     While movements of an incipient recovery can be seen in some
         areas of the economy, the state of the economy has weakened
         somewhat.
Jan.     While movements of an incipient recovery can be seen in some
         areas of the economy, the state of the economy has weakened
         somewhat.
         ---------------------------------2002----------------------------------
Dec.     As movements towards an incipient recovery are weakening, the
         state of the economy remains roughly flat.
Nov.     Movements towards an incipient recovery continue to be seen in
         the economy, though its pace has become more gradual.
================================================================================
Report                            Economic
 Month                           Assessment
================================================================================
Oct.     Movements of a moderate incipient recovery continue to be
         observable in some areas of the economy, though environment
         has become more severe.
Sept.    Movements of an incipient recovery can be seen in some areas
         of the economy, though environment has become more severe.
Aug.     While the economy continues to be in a difficult situation,
         movements of an incipient recovery can be seen in some areas.
July     While the economy continues to be in a difficult situation,
         movements of an incipient recovery can be seen in some areas.
June     While the economy continues to be in a difficult situation,
         it has bottomed out.
May      While the economy continues to be in a difficult situation,
         it has bottomed out.
April    While the economy continues to be in a difficult situation,
         it is showing movements towards bottoming out.
March    While the economy continues to remain in a difficult situation,
         signs of bottoming out can be seen in some areas.
================================================================================
Report                            Economic
 Month                           Assessment
================================================================================
Feb.     The economy continues to deteriorate.
Jan.     The economy continues to deteriorate.
         ---------------------------------2001----------------------------------
Dec.     The economy continues to deteriorate.
Nov.     The economy is deteriorating further.
Oct.     The economy continues to deteriorate.
Sept.    The economy continues to deteriorate.
Aug.     The economy is further deteriorating.
July     The economy is deteriorating.
June     The economy is deteriorating.
May      The economy is increasingly weakening.
April    The economy is weakening.
March    Economic recovery appears to be pausing.
Feb.     The pace of economic recovery has become more moderate.
Jan.     Although the Japanese economy has not yet got out of the severe
         situation with meager improvements in the household sector,
         activities on the whole continue to rise modestly. The strength is
         seen mainly in the corporate sector, where the autonomous nature
         of the recovery has become increasingly evident.
================================================================================

To contact the reporter on this story: Minh Bui in Tokyo at mbui@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net

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