October 07, 2024 05:24 GMT
MNI BRIEF: Japanese Regions Note Recovery, Pick Up - BOJ
The BOJ has published its latest quarterly branch managers report.
MNI (TOKYO) - All Bank of Japan branch managers noted their economies had recovered moderately, picking up, or picking up moderately, despite some weakness seen in part, the BOJ’s quarterly regional economic report showed on Monday.
Out of the nine regions, two upgraded their economies from the previous meeting in July, while the remaining seven kept their assessment unchaged. Many managers reported solid or recovering private consumption, but noted high prices had impacted spending. (See MNI POLICY: BOJ Rate View Intact, Despite Dovish PM Remarks)
All managers reported the improvement of income conditions moderately.
Production painted a mixed picture, with some pointing to recovery, while others said it was marking time or weakening.
Keep reading...Show less
111 words