On 13 November, the Bank of Japan's Kanazawa Branch released its financial and economic monthly report for the Hokuriku region and left its economic assessment unchanged from November 2024. It also reported on the state of personal consumption and production trends, noting the impact of AI demand.
On 13 November, the Bank of Japan's Kanazawa Branch released its financial and economic monthly report for the Hokuriku region and said that the overall economy was recovering moderately, although some weakness was evident, leaving its economic assessment unchanged for consecutive months since November 2024. The main indicators also remained unchanged from the previous assessment.
Personal consumption differed across generations. Older people were economizing on purchases of daily necessities, while service consumption such as dining out and tourism remained firm among younger people benefiting from wage increases.
On the production side, production of electronic components and materials for data-center construction was reported to have increased as AI demand grew.
Branch Manager Imakubo said he felt that production was progressing steadily against a backdrop of AI demand, while also expressing concern that higher prices could slow consumption going forward.