This is the oldest English-language monthly economic review in Japan and is published since 1923.
MERI’s Monthly Circular is a prime source of information drawn from selected research and reports on the Japanese economy.
MERI’s Monthly Circular’s readership includes the prominent institutions and central banks of the world.。

Monthly Circular
Monthly Circular-Survey of Economic Conditions in Japan-
JULY 2025 No.1147

Contents
- Concerns about Japanese and US Government Bond Market Trends
- Will Wage Hikes Solve Japan’s Labor Shortage?
- Inbound Tourism Consumption Encounters New Wall in Japan
- Emergence of New Technologies that Evolve Generative AI
- Urgent Need to Rebuild Japan’s Cybersecurity Industry
- Economic Statistics
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