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--Two Regions See Modest Downgrade Reflection Summer Natural Disasters
TOKYO (MNI) - The Bank of Japan's quarterly regional economic report,
released Thursday, showed all nine regions reporting either expanding or
recovering economies, indicating that the impact of the lingering trade dispute
on regional economies was limited.
Compared with the previous meeting in July, both the Hokkaido and Chugoku
regions revised down their assessment from July in the wake of the damage from
the natural disasters over the period, the BOJ said.
The key points from the report:
--The Kinki region maintained its assessment that its economy had been
expanding moderately, although effects of a typhoon in September were being
--The other six region left their economic assessments unchanged from three
--The background to these assessments was that the virtuous cycle from
income to spending had been maintained as labour market conditions continued to
tighten steadily and private consumption had been increasing moderately. Exports
had been on an increasing trend, with overseas economies showing solid growth.
--One electronics firm said the company hasn't been put off implementing
capital investment, although there are concerns over the impact of the trade
dispute on sentiment, the report showed.
--An automobile firm said the company has no plans to revise its production
plans around the globe, the report added.
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