<Nationwide> Improving moderately ( )

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Regional Economic and Industrial Research Results (from April to June 2017) Material 1 <> Improving moderately ( ) < Region > ( ) < Region > Improving ( ) < Region > Continuing to improve ( ) < Region > Picking up moderately ( ) (Previous quarter: Picking up ) < Region> Picking up ( ) < Region > Improving moderately ( ) < Region > Improving ( ) (Previous quarter: Improving moderately ) < Region > Improving moderately ( ) < Region > Improving moderately ( ) (Previous quarter: Picking up ) < Region > Picking up moderately with some ( ) Reference: Higher assessment, No change, Lower assessment compared to the economic assessment in the previous research Research period: June 2-29, 2017 Number of companies covered: 779 in 10 areas * Changes in the assessments of business confidence from the previous quarter are indicated in parentheses. 1

2 Changes in assessment of economic conditions in the past one year April June 2016 July - September 2016 October December 2016 January March 2017 April June 2017 Improving moderately Improving moderately Improving moderately Picking up moderately Picking up moderately Picking up Picking up Improving moderately Improving moderately Chubu () Improving moderately Improving Chubu () Improving moderately Improving Improving Improving moderately Improving moderately Improving moderately Remaining at a standstill with some signs of picking up Picking up Picking up Picking up Picking up moderately Picking up moderately Picking up Picking up Improving moderately Continuing to improve Continuing to improve Continuing to improve Continuing to improve Continuing to improve The arrow denotes a higher assessment, denotes no change, and denotes a lower assessment compared to the economic assessment in the previous research.

Trends of IIP (Production) *Source: METI Indices of Industrial Production; *2010=100 97.0 97.0 98.3 98.6 98.9 99.9 100.6 98.5 101.7 99.8 103.8 100.1 95.2 95.3 94.3 95.3 94.4 96.0 95.8 94.6 96.8 96.5 98.5 98.0 95.7 95.9 98.7 99.4 98.9 100.2 100.7 101.8 99.4 99.5 101.8 102.0 91.1 90.6 92.5 92.8 92.3 94.2 95.8 94.2 96.4 94.5 97.6 95.0 109.3 110.7 110.5 109.8 111.0 111.4 111.5 108.3 111.3 110.2 119.4 111.2 119.1 120.0 120.6 121.7 124.6 126.7 127.6 131.0 134.5 131.9 135.4 126.3 102.5 102.3 104.0 106.5 105.5 107.6 109.5 105.8 108.0 107.7 110.2 106.1 95.2 95.5 97.1 97.1 96.7 98.9 99.5 96.2 98.9 103.4 99.7 95.7 95.3 100.1 100.6 99.8 99.1 99.3 99.6 101.8 103.0 95.5 98.2 91.3 103.0 103.2 105.0 107.4 107.8 110.1 111.8 108.9 110.3 108.4 112.4 107.4 93.1 96.7 92.0 93.3 103.8 97.7 105.6 95.6 84.9 115.3 106.0 3

Transition in effective ratio of job offers to applicants *Source: MHLW Report on Employment Service 1.36 1.37 1.37 1.38 1.40 1.41 1.43 1.43 1.43 1.45 1.48 1.49 1.04 1.05 1.05 1.06 1.07 1.07 1.10 1.10 1.13 1.08 1.09 1.09 1.31 1.31 1.32 1.32 1.35 1.36 1.39 1.41 1.38 1.40 1.42 1.44 1.42 1.42 1.43 1.44 1.45 1.45 1.47 1.47 1.47 1.50 1.52 1.52 1.60 1.61 1.60 1.62 1.64 1.65 1.66 1.66 1.67 1.72 1.77 1.80 1.69 1.68 1.66 1.68 1.70 1.71 1.73 1.78 1.79 1.83 1.86 1.90 1.30 1.30 1.30 1.31 1.33 1.34 1.36 1.36 1.37 1.38 1.42 1.46 1.56 1.57 1.58 1.59 1.61 1.62 1.64 1.64 1.63 1.63 1.67 1.67 1.40 1.40 1.40 1.40 1.42 1.42 1.42 1.41 1.41 1.42 1.46 1.47 1.22 1.23 1.25 1.26 1.29 1.29 1.31 1.31 1.30 1.32 1.37 1.38 1.00 1.01 0.99 0.98 1.00 1.02 1.03 1.08 1.02 1.01 1.12 1.13 4

Transition in large-scale retail store sales value as ratio to the same month of the previous year (all-store basis) *Source: METI Current Survey of Production 0.7 0.9 3.2 2.7 0.6 0.1 1.2 1.0 2.6 0.9 0.8 0.6 1.3 2.4 1.2 3.1 1.6 0.4 1.5 0.8 0.5 0.7 1.3 0.1 0.9 1.4 2.1 2.8 0.8 0.1 1.4 1.8 3.6 1.4 0.7 1.5 1.0 0.4 3.8 2.4 1.1 0.4 1.2 1.5 3.6 0.5 0.6 0.9 0.2 0.3 2.2 3.7 0.1 1.5 1.2 0.9 1.4 1.4 0.6 1.1 1.2 0.1 1.4 1.1 0.2 4.1 0.7 0.6 0.8 0.4 1.7 1.2 1.5 0.5 4.0 4.6 0.7 1.0 1.4 0.6 1.2 1.4 0.4 0.5 0.0 3.0 2.3 1.0 0.9 0.0 1.0 1.2 2.8 1.6 0.4 1.4 0.3 3.1 1.7 2.7 2.3 1.5 0.9 1.5 3.9 0.5 0.6 1.0 0.3 2.3 2.9 2.6 0.8 1.4 0.3 0.2 3.2 1.1 4.7 1.9 5.6 8.1 3.1 5.0 4.6 4.2 2.4 3.4 0.7 3.8 3.7 2.4 5

6 Transition in convenience store sales value as ratio to the same month of the previous year (all-store basis) *Source: METI Current Survey of Production Data for and are from July, 2016. / 3.8 3.8 3.4 4.0 4.3 3.8 3.7 3.3 0.8 3.2 3.3 3.6 1.0 0.0 2.1 2.0 3.9 1.1 3.3 2.8 1.0 2.7 2.6 2.4 2.5 1.4 2.5 2.5 3.3 1.7 2.9 2.6 0.2 2.7 3.0 2.9 3.3 2.5 2.0 2.8 2.7 2.8 3.0 2.6 0.4 2.7 3.1 3.1-2.7 2.1 4.5 5.0 4.3 4.2 3.5 0.3 2.6 3.2 2.8-2.7 3.2 4.5 4.4 4.3 4.0 3.6 0.5 4.1 3.0 3.4 4.4 5.1 3.9 5.3 5.5 5.3 4.5 4.1 1.3 3.9 3.2 4.6 3.5 6.6 5.2 5.1 5.7 4.0 4.1 3.6 1.4 4.1 3.7 5.1 4.8 7.4 5.3 4.5 5.9 4.9 4.8 4.2 1.5 3.9 3.6 3.9 / 8.7 10.7 9.7 7.5 8.8 7.9 5.2 4.7 2.1 5.0 4.4 5.7