BoJ raises assessment for three of Japan’s nine regions

In a quarterly report analyzing the Japanese regional economies, the Bank of Japan (BoJ) raises its assessment for three of the country’s nine economic regions.

Additional takeaways

BoJ keeps assessment for 6 of Japan’s 9 regions.

All of Japan’s regions saw economies pick up or recover moderately.

Many regions saw tightness in labor conditions intensifying.

Many regions saw small, mid-sized firms hike wages unseen in recent years.

Some regions saw firms mulling hiking prices with eye on higher wage costs ahead.

Market reaction

At the time of writing, USD/JPY is extending its recovery to near 143.00, adding 0.60% on the day.