BoJ raises assessment for two of Japan’s nine regions

In its quarterly report published on Monday, the Bank of Japan (BoJ) raised the assessment for two of Japan’s nine regions.

Additional takeaways

BoJ maintains assessment for seven of Japan’s nine regions.

All regions in Japan saw economy recovering moderately, picking up or picking up moderately.

Many regions said service consumption remains firm.

Many regions said output increasing due to rebound in global it demand, auto-related output also at high levels.

Many regions saw firms saying they must keep raising wages due to structural labour shortage.

Some small firms continued to complain of severe earnings situation, must be vigilant.

Many regions said price hikes broadening, manufacturers saying they are able to pass on rising costs more smoothly.