Local News

Public Works Construction Down Second Straight Year

The Fukuoka branch of West Japan Construction Surety released its study of trends in public works construction projects in Kyushu and Okinawa in FY 2011, which shows that the aggregate value of the projects during the year fell 11.3% from the previous year to 1.4309 trillion yen. There were 42,869 projects during the year, a year-on-year decline of 6.0%. It was the second straight reduction in both categories. The insurer noted that public works projects in the region have been steadily declining since 1999, with the exception of FY 2009, when there was a stimulus designed to offset the economic downturn.

Published: Apr 19, 2012 / Last Updated: Apr 19, 2012