BOJ raises economic view for four of Japan’s nine regions

In its quarterly report, the Bank of Japan (BoJ) raised its economic assessment for four out of Japan’s nine regions.

Additional takeaways

BoJ raises economic assessment for 3 of Japan’s 9 regions.

BoJ maintains economic assessment for 5 of Japan’s 9 regions.

Many Japan regions saw their economies pick up or pick up moderately.

Some firms appeared to struggle increasing pay as rising fuel and raw material costs squeezed profits.

But there were many cases where companies were increasing winter bonus payments, or plan to hike wages.

Market reaction

USD/JPY extends the sell-off toward 131.00 despite the upbeat BoJ economic assessment. The pair is trading at 131.49, down 0.74% on the day, at the time of writing.