BOJ raises assessment of all 9 regions in quarterly report

Reuters

TOKYO, Oct 21 (Reuters) - The Bank of Japan on Monday raisedits assessment of all of Japan's nine regional economiescompared with three months ago, a sign the positive effects ofthe government's reflationary policies are spreading.

"Many regions said employment and salaries are showing signsof improvement amid firm domestic demand and a gradualimprovement in factory output," the central bank said in aquarterly report issued at a meeting of its regional branchmanagers on Monday.

This marked the first time in two quarters that the BOJupgraded all nine regions. The central bank also used the word"recovery" to describe conditions in all the nine regions, whichwas the first time since it began compiling the report in 2005.

Rates

View Comments (0)