The economy has continued to expand moderately, although some weakness has been observed in part. Chugoku  The economy has been expanding moderately. The economy has been expanding moderately. Shikoku  The economy has been recovering. The economy has been recovering. KyushuOkinawa  The economy has been expanding moderately. The economy has been expanding moderately. Source: July 2019 Regional Economic Report, Bank of Japan.
Notably, the housing sector has been a significant driver of recovery from most recessions in the United States since World War II, but this time – with an overhang of distressed and foreclosed properties, tight credit conditions for builders and potential homebuyers, and  2  BIS central bankers’ speeches  ongoing concerns by both potential borrowers and lenders about continued house price declines – the rate of new home construction has remained at less than one-third of its precrisis peak.