BoJ Upgrades Assessment of 8 of 9 Regional Economies

The Bank of Japan upgraded its assessment Thursday for eight of the country’s nine regional economies compared with three months earlier, citing increased resilience in domestic demand on the back of improving consumer and corporate sentiment as well as a pickup in overseas economies.

All regions except Tohoku noted improvement in their economies as many reported a pickup in private spending and production activities, the central bank said in its quarterly “Sakura Report” on regional economies released after a meeting of the BOJ’s branch managers.

The BOJ kept unchanged its assessment on Tohoku in northeastern Japan hit hard by the devastating 2011 earthquake and tsunami, saying that the economy has begun to recover.

In its last report released in April, all nine regional economies upwardly revised the assessments.j

via Mainichi

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza