MNI BRIEF: Regions Recovering Moderately - BOJ Branches

All nine regional Bank of Japan branch managers said their respective economies, despite being affected by a slowdown in the pace of recovery in overseas economies and price rises, had either picked up or recovered moderately, the BOJ’s regional economic report said on Thursday.

Six of the nine regions left their economic assessment from three months ago with two upgrading and the remaining zone lowering its assessment. “The economy has been recovering moderately, although the impact of the Noto Peninsula Earthquake in 2024 warrants attention,” noted Quake-hit Hokuriku.

Several managers said private consumption had recovered, indicating persistent negative real wages had not derailed spending and despite high prices.