The Bank of Japan upgraded its economic assessments for eight of the country's nine regions in a quarterly report released Thursday, reflecting improvements in business and consumer sentiment thanks to the yen's weakening and rises in stock prices.
It was the first time in three years and nine months that the Bank of Japan has revised up its economic assessments for at least eight regions for two straight quarters. In its previous report, the central bank upgraded its assessments for all nine regions.The latest report said that the economy "has been picking up" in the Hokkaido, Hokuriku, Kanto-Koshinetsu, Tokai and Kyushu-Okinawa regions, "has been picking up moderately" in the Kinki region, "has been picking up moderately as a whole" in the Chugoku region and "has begun to pick up" in the Shikoku region.
Source: NewsonJapan
Source: NewsonJapan
