JSAI2019

Presentation information

General Session

General Session » [GS] J-13 AI application

[1P2-J-13] AI application: finance and economics

Tue. Jun 4, 2019 1:20 PM - 3:00 PM Room P (Front-left room of 1F Exhibition hall)

Chair:Yasuo Tabei Reviewer:Tomoya Yoshikawa

1:40 PM - 2:00 PM

[1P2-J-13-02] Measuring Economic Trends based on Financial Institution Texts

〇Hirofumi Kondo1, Mamoru Yogosawa1, Michinori Naruse1, Masakazu Mori1 (1. The Japan Research Institute, Limited)

Keywords:measuring economic trends, text mining, sentiment analysis

Despite statistics released by the government or central banks have been used to grasp the economic trends, there is a lag in the timing of the survey and publication of the results. Therefore, there have been a lot of research to estimate them ahead of the publication. In this research, we tried to quantify the economic sentiment indicator by analyzing the huge amount of text data created and accumulated in financial institutions. As a result, it was found that our indicator had a high correlation with the Bank of Japan TANKAN, short-term economic survey of enterprises in Japan, and also had a quick reporting nature.