BOJ Offers Mixed View of Japan’s Regional Economies
The Bank of Japan on Monday offered a mixed view of the nation’s local economies, saying some areas continue to struggle with the impact of the coronavirus pandemic while many regions are showing signs of recovery.
The BOJ lowered its view on two of Japan’s nine local economies, including the region at the western edge of the country’s main island. The pace of the pickup in two regions has moderated, the bank said in its quarterly Sakura Report, Japan’s equivalent of the Federal Reserve’s Beige Book report.