MNI BRIEF: All Japan Regions  Report Positive Econ. - BOJ

All nine Japanese regions reported their economies had either picked up, or moderately recovered, despite being affected by factors such as past high commodity prices, according to the Bank of Japan's quarterly regional economic report Monday.

The BOJ's report upgraded three out of the nine regions economic assessment from the previous meeting in April, while the remaining six regions' assessment held steady from three months ago. All the regional managers pointed out that capital investment and private consumption had recovered or was picking up.

The production assessment was mixed, with some regions reporting recovery, but others noting slow or unchanged data. All managers reported the improvement of labor market conditions.