BoJ Maintains Economic View Of 8 Out Of 9 Regions

20/10/2014 08:56 AST

The Bank of Japan maintained its economic view of eight regions out of nine and downgraded the assessment of Tohoku region.

Compared with the last assessment in July, the bank said the Tohoku region revised its assessment downward by noting that the pace of economic recovery had moderated, but the other eight regions reported that their assessments regarding the pace of economic improvement had remained unchanged.

The BoJ noted that all nine regions reported that the economy had continued to recover or had been recovering as a trend.

Although some weakness on the production side had been observed in some aspects, domestic demand had been firm and the employment and income situation had been improving steadily.

With respect to private consumption, the bank noted that the effects of subsequent fall in demand following the front-loaded increase prior to the consumption tax hike had been waning on the whole.


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