Expansion of Okinawa Prefecture's Economy Driven by Tourism and Improving Employment
First written in FY2017-Q1. 8 of 27 entries say "Restated". Latest entry: FY2026.
1 other company's latest entry also says "Other".
- FY2026The prefectural economy expanded on strong tourism and a recovery in constructionAnnual report
「Supported by solid tourism demand, the Okinawa economy continued on a moderate expansionary trend. Although consumers showed a preference for saving amid continued price increases, consumption-related activity showed stronger signs of recovery, supported by robust tourism demand. In construction-related activity, despite a decline following the large-scale projects completed in the previous year, recovery strengthened as public works, including defense-related projects, continued and new orders for large-scale private-sector projects were received.」
The prefectural economy continued to expand moderately, supported by tourism demand, public works and large-scale private-sector construction. It also identified rising prices, labor shortages and higher costs as challenges. - FY2026-H1The prefectural economy expanded amid strong tourism and a slowdown in the recovery of constructionAnnual report
「The Okinawa economy continued on a moderate expansionary trend. Consumption-related activity showed stronger signs of recovery, supported by tourism demand led by international visitors, although consumers continued to favor saving. Tourism-related activity remained strong, with robust tourism demand from Japan and overseas, aided by the opening of a large-scale theme park. Meanwhile, although public works, including defense-related projects, continued, construction-related activity showed a slowdown in its recovery against a backdrop of a pause in orders for large-scale projects, persistently high material prices and labor shortages.」
While the prefectural economy continued to expand moderately, tourism was strong on the back of international visitors and a large-scale theme park, while the recovery in construction slowed due to a pause in large-scale projects, material prices and labor shortages. - FY2025-H1RestatedAnnual report
「In the Okinawa economy, personal consumption showed stronger signs of recovery on demand from residents and international visitors. Construction-related activity showed stronger signs of recovery as demand for rental housing was added to demand for hotels and condominiums. Tourism-related activity expanded moderately, led by international visitors. As a result, the economy as a whole continued to show signs of moderate expansion.」
It stated that the Okinawa economy continued to expand moderately against a backdrop of consumption by residents, demand from international visitors, demand for hotels, condominiums and rental housing, and the expansion of tourism. - FY2024The prefectural economy expanded moderately over the full yearAnnual report
「As a result, the prefectural economy as a whole also showed signs of moderate expansion.」
While prices remained high, the Okinawa economy entered a phase of moderate expansion over the full year, driven by the recovery in consumption, construction and tourism. - FY2024-Q3The prefectural economy expanded moderately from autumn onwardAnnual report
「Although prices remained high throughout the year, consumer sentiment improved as opportunities to go out increased following the significant easing of the impact of COVID-19, and consumption-related activity showed stronger signs of recovery. Construction-related activity also showed stronger signs of recovery as private investment in condominiums and hotels became more active. Tourism-related activity showed stronger signs of recovery as travel demand remained strong, domestic visitor numbers recovered to levels exceeding 2019, and international visitors also began to return. From autumn onward, tourism showed signs of moderate expansion. As a result, the economy as a whole also showed signs of moderate expansion from autumn onward.」
While prices remained high, the recovery in consumption, construction and tourism strengthened, and domestic visitor numbers recovered to levels exceeding 2019. The Okinawa economy as a whole also showed signs of moderate expansion from autumn onward. - FY2024-Q2The recovery of the prefectural economy continuedAnnual report
「In the Okinawa economy, consumption-related activity showed signs of recovery as residents went out more often and demand for leisure activities increased, while events attracting visitors were held as they had been before the pandemic, following the shift of COVID-19 to Category V in May. Construction-related activity showed signs of recovery as new investment demand for hotels and condominiums increased. Tourism-related activity showed stronger signs of recovery as the number of domestic visitors returned to pre-pandemic levels, partly due to the shift of COVID-19 to Category V, and the number of international visitors also began to recover. As a result, the economy as a whole showed stronger signs of recovery.」
Against the backdrop of the shift of COVID-19 to Category V, consumption, construction and tourism recovered. The number of domestic visitors returned to pre-pandemic levels, and the recovery of the prefectural economy as a whole strengthened as international visitors also began to return. - FY2024-Q1Further progress in the recovery of the prefectural economyAnnual report
「Although prices continued to rise, personal consumption showed stronger signs of recovery as residents had more opportunities to go out and demand for leisure activities increased in the absence of activity restrictions. Construction-related activity showed signs of recovery against a backdrop of demand for hotels and condominiums, while tourism-related activity remained firm on support from the nationwide travel support program. As a result, the economy as a whole showed stronger signs of recovery.」
Against a backdrop of an environment without activity restrictions and the nationwide travel support program, personal consumption, construction and tourism recovered, and the recovery of the Okinawa economy as a whole strengthened. It also states that prices continued to rise. - FY2023-Q3Recovery in visitor numbers and the prefectural economyAnnual report
「Tourism-related activity showed signs of recovery, with the number of visitors to the prefecture exceeding 2019 levels on the tailwind from the nationwide travel support program. Although rising prices and other factors remain concerns for the outlook, there was no decline in consumer sentiment, and tourism demand is strong.」
Against the backdrop of the nationwide travel support program, the number of visitors to the prefecture exceeded 2019 levels and tourism demand recovered. While consumption and construction also showed signs of recovery, rising prices remain a concern. - FY2023-Q1The prefectural economy recovered in the first quarterAnnual report
「The Okinawa economy showed signs of recovery as the number of visitors and outings by residents increased because there were no restrictions on activities. Tourism-related industries, including accommodation and food services, recovered, while construction-related activity also benefited from a recovery in private-sector demand for condominiums and hotels. However, consumption-related activity lacked strength because sales of summer clothing were sluggish amid heavy rainfall and low temperatures during the rainy season, while rising prices have become a concern for the outlook, including by prompting some consumers to hold back on purchases.」
While the absence of activity restrictions supported a recovery in the movement of people, tourism and construction, consumption lacked strength, and purchase restraint caused by rising prices was identified as a concern for the outlook. - FY2022Decline and bottoming-out trends intermingled over the full yearAnnual report
「The Okinawa economy generally followed the same pattern as the national economy, shifting from a phase of decline in the April–September period to a phase of bottoming out, or moving along the bottom, in the October–December period, before entering another phase of decline in the January–March 2022 period.」
It describes the changes during the fiscal year, from decline to bottoming out and then renewed decline, due to infection-control measures and restrictions on the movement of people. - FY2022-Q3The prefectural economy shifted from a phase of decline to a phase of bottoming outAnnual report
「In addition to the factors described above, the number of visitors from outside the prefecture showed stronger signs of recovery, and consumption-related and tourism-related activity showed signs of bottoming out. Construction-related activity remained weak, as the recovery in private-sector construction was slow against a backdrop of rising material and energy prices. As a result, the economy as a whole shifted from a phase of decline to a phase of bottoming out.」
The recovery in visitors from outside the prefecture led to signs of bottoming out in consumption- and tourism-related activity, while construction-related activity remained weak against a backdrop of rising material and energy prices. It states that the prefectural economy as a whole shifted from a phase of decline to a phase of bottoming out. - FY2022-Q1The prefectural economy declined further in the first quarterAnnual report
「The Okinawa economy entered the fourth wave of COVID-19. Consumption remained substantially below 2019, before the pandemic, while construction weakened as private-sector construction activity paused. Although tourism showed temporary signs of recovery during Golden Week, it remained substantially below 2019 levels throughout the period, and the economy as a whole declined further.」
Due to the impact of the fourth wave, consumption and tourism remained substantially below 2019 levels, while construction also weakened, and the Okinawa economy as a whole declined further. - FY2021The prefectural economy declined over the full yearAnnual report
「The prefectural economy declined as consumption and construction weakened while states of emergency were declared twice nationwide and 3 times independently by Okinawa during the period due to the spread of COVID-19. Tourism deteriorated, with the number of visitors to the prefecture falling sharply as it was heavily affected by restrictions on the movement of people, while employment, which had continued to improve, also turned downward.」
It states that tourism, consumption, construction and employment deteriorated due to the spread of the infection, the states of emergency and restrictions on the movement of people, causing the prefectural economy to decline. - FY2021-Q3RestatedAnnual report
「In the Okinawa economy, personal consumption remained weak due to the effects of COVID-19, and construction also weakened as private-sector construction activity paused. However, tourism generally continued to show signs of bottoming out after its sharp decline at the beginning of the period, and the economy as a whole showed signs of bottoming out.」
While personal consumption and construction weakened, tourism continued to show signs of bottoming out after its sharp decline at the beginning of the period, and the prefectural economy as a whole also showed signs of bottoming out. - FY2021-Q2The prefectural economy showed signs of bottoming outAnnual report
「In the Okinawa economy, personal consumption remained weak due to the effects of COVID-19 and the consumption tax rate increase, while construction weakened as private-sector construction activity paused. However, as tourism showed signs of bottoming out, the economy as a whole showed signs of bottoming out.」
While personal consumption and construction weakened, tourism showed signs of bottoming out, and the prefectural economy as a whole also showed signs of bottoming out. - FY2021-Q1The prefectural economy contracted due to the COVID-19 pandemicAnnual report
「The Okinawa economy deteriorated as tourism was adversely affected by the spread of COVID-19, consumption weakened further under the additional impact of the consumption tax rate increase, and construction declined further as private-sector construction activity paused.」
It states that tourism deteriorated due to the spread of COVID-19, consumption weakened under the additional impact of the consumption tax rate increase, and the prefectural economy declined further amid a pause in private-sector construction activity. - FY2020-Q3Expansion showed signs of a pause due to fewer tourists and the consumption tax increaseAnnual report
「Construction generally remained strong on high levels of private-sector and public works, and personal consumption generally remained strong amid steady improvements in employment conditions. However, tourism saw a slowdown in visitor arrivals in the latter half of the period, mainly due to a sharp decline in South Korean tourists, while personal consumption weakened toward the end of the period due to the October increase in the consumption tax rate. As a result, the economy showed signs of a pause in its expansion.」
Although the economy was generally strong, supported by construction and employment, it showed signs of a pause in its expansion due to the sharp decline in South Korean tourists and the impact of the consumption tax rate increase. - FY2020-Q2The prefectural economy expanded, although the pace of growth in tourist arrivals weakenedAnnual report
「Tourism in Okinawa Prefecture generally remained strong overall, although the pace of growth in visitor arrivals weakened at times toward the end of the period due to a decline in South Korean tourists and the effects of typhoons. Consumption also generally remained strong, including a rush of spending ahead of the consumption tax increase, particularly in September, while construction generally remained strong due to high levels of private-sector and public works. As employment conditions continued to improve steadily, the prefectural economy as a whole continued to expand.」
Although the pace of growth in tourist arrivals weakened at times due to the decline in South Korean tourists and typhoons, the prefectural economy as a whole continued to expand, supported by tourism, consumption, construction and employment. - FY2020-Q1The prefectural economy continued to expand on strong tourism and constructionAnnual report
「Tourism remained strong due to the continued increase in visitor arrivals, while construction also remained generally strong as private-sector capital investment, including new hotels and office buildings, increased alongside public works. As a result, personal consumption remained generally strong due to steady improvements in employment, and the economy continued to expand.」
It states that Okinawa Prefecture's economy continued to expand, supported by the increase in visitor arrivals, private-sector capital investment including hotel and office construction, increased public works, and improving employment. - FY2019-Q3RestatedAnnual report
「Okinawa Prefecture's economy temporarily showed signs of a pause around the middle of the period, as visitor arrivals levelled off due to successive typhoons and natural disasters. Overall, however, the economy continued to expand, as construction generally remained strong due to high levels of public works and corporate capital investment, and personal consumption remained strong amid steady improvements in employment conditions.」
It reconfirmed that Okinawa Prefecture's economy continued to expand, supported by construction, employment conditions and personal consumption, while noting that visitor arrivals levelled off due to typhoons and natural disasters, with some areas showing temporary signs of a pause. - FY2019-Q2Tourist arrivals levelled off and some sectors showed signs of a pauseAnnual report
「Okinawa Prefecture's economy continued to expand overall, although some areas showed signs of a pause, including a levelling off in visitor arrivals in the latter part of the period due to successive typhoons and natural disasters. Construction generally remained strong due to high levels of public works and corporate capital investment, while personal consumption also remained generally strong amid steady improvements in employment and wage conditions.」
Although visitor arrivals levelled off due to typhoons and natural disasters, with some areas showing signs of a pause, the economy as a whole continued to expand, supported by construction, employment and wages, and personal consumption. - FY2019-Q1RestatedAnnual report
「Okinawa Prefecture's economy continued to expand, as construction generally remained strong due to high levels of public works and corporate capital investment, tourism remained strong with the continued increase in visitor arrivals, and personal consumption also remained strong amid steady improvements in employment and wage conditions.」
It restates that Okinawa Prefecture's economy continued to expand, supported by public works and corporate capital investment, the continued increase in tourist arrivals, and improving employment and wage conditions. - FY2018-Q3RestatedAnnual report
「Okinawa Prefecture's economy continued to expand, as construction generally remained strong with corporate capital investment and public works maintaining high levels, tourism remained strong due to the increase in foreign tourists, and personal consumption also remained strong amid steady improvements in employment conditions.」
It restates that Okinawa Prefecture's economy continued to expand, supported by corporate capital investment and public works, foreign tourists and improving employment conditions. - FY2017RestatedAnnual report
「The prefectural economy continued to expand, as tourism remained strong with the continued increase in visitor arrivals, construction generally remained strong due to an increase in private-sector construction driven by companies' strong appetite for capital investment, and personal consumption remained strong as employment and wage conditions steadily improved.」
It states that Okinawa Prefecture's economy continued to expand, supported by tourism, private-sector construction, employment and wage conditions, and personal consumption. - FY2017-Q3RestatedAnnual report
「Although construction-related activity showed signs of a pause, including delays in construction progress due to labour shortages, tourism remained strong on the increase in foreign tourists, and personal consumption also remained strong as employment conditions improved, including a decline in the unemployment rate and rising wages. As a result, Okinawa Prefecture's economy gained further momentum in its expansion.」
It restates that Okinawa Prefecture's economy continued to expand, supported by tourism, employment and personal consumption, while noting labour shortages in construction-related industries and delays in construction progress. - FY2017-Q2RestatedAnnual report
「Although construction-related activity showed signs of a pause due to factors including labour shortages, tourism remained strong on the increase in foreign tourists, and personal consumption also remained strong as employment conditions improved, including a decline in the unemployment rate and rising wages. Overall, the prefectural economy gained further momentum in its expansion.」
It restates that Okinawa Prefecture's economy gained further momentum in its expansion, supported by the increase in foreign tourists, strong tourism, and the decline in the unemployment rate and rise in wages. It also states that construction-related activity showed signs of a pause due to labour shortages. - FY2017-Q1First statedAnnual report
「Okinawa Prefecture's economy gained further momentum in its expansion, as tourism remained strong due to the continued sharp increase in foreign tourists, while personal consumption remained strong amid improving employment conditions.」
It states that Okinawa Prefecture's economy gained further momentum in its expansion, supported by the increase in foreign tourists, strong tourism, improving employment conditions and strong personal consumption.