- BoJ raises assessment for three of Japan's nine regions
Market news
10 July 2023
BoJ raises assessment for three of Japan's nine regions
In a quarterly report analyzing the Japanese regional economies, the Bank of Japan (BoJ) raises its assessment for three of the country's nine economic regions.
Additional takeaways
BoJ keeps assessment for 6 of Japan's 9 regions.
All of Japan's regions saw economies pick up or recover moderately.
Many regions saw tightness in labor conditions intensifying.
Many regions saw small, mid-sized firms hike wages unseen in recent years.
Some regions saw firms mulling hiking prices with eye on higher wage costs ahead.
Market reaction
At the time of writing, USD/JPY is extending its recovery to near 143.00, adding 0.60% on the day.
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