By Megumi Fujikawa
TOKYO–The Bank of Japan on Thursday raised its economic assessment for six of the nation’s nine regions, including the Tokyo area.
The Japanese central bank maintained its view for the other regions, according to its quarterly regional economic report released at the bank’s branch managers meeting held Thursday.
“All nine regions reported that their respective economies, despite being affected by a slowdown in the pace of recovery in overseas economies and by price rises, had been either picking up or recovering moderately,” the bank said.
The report indicated that local businesses are suffering from labor shortages and considering further pay increases next year. The BOJ has said solid wage growth is key to achieving sustainable 2% inflation.
Write to Megumi Fujikawa at [email protected]
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