This was an English-language monthly economic review in Japan, first published in 1923, featuring accessible articles on trends in the Japanese economy.
For more than 101 years―except for a brief period during and after World War II―It served as a valued source of information for readers worldwide.
In view of changing circumstances, the September 2025 issue (No. 1149) was our final edition, marking the discontinuation of publication.
We extend our heartfelt gratitude to all our readers and supporters for their loyal readership and continued support.

Monthly Circular
Monthly Circular-Survey of Economic Conditions in Japan-
SEPTEMBER 2025 No.1149

Contents
- Will a Gradual Recovery Continue? Examining the Downward Risk of the Japanese Economy
- Corporate Results Face Headwinds: Time for Change Is Now
- Trump Tariffs May Trigger Stagflation
- European Economy Tries to Break Away from US Dependence
- US Dollar Key Currency System Being Shaken
- Economic Statistics
For other information
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