Economic Situation: Bank of Japan Cuts Public Investment in Naha in May, Highest in 28 Months, Still at High Level

The Bank of Japan's Naha branch (Branch Manager Ryota Kojima) announced on the 16th that in its May financial and economic overview of the prefecture, it maintained its assessment that "the prefecture's economy is on an expansionary trend," but downgraded public investment from "increasing" to "remaining at a high level." This is the first downgrade in 28 months since January 2023.