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BoJ Maintains Assessment For 7 Regions

4/12/2012 2:41 AM ET

The Bank of Japan on Thursday maintained the assessments on seven of the nine regional economies and lifted the view on Tokai and Shikoku.

Due to the effects of the slowdown in global economies and the appreciation of the yen, the pace of the pick-up remained moderate, the economy had been more or less unchanged, or the economy had paused, the central bank said in its Regional Economic Report.

Meanwhile, the Tokai and Shikoku regions reported that their economic assessments had improved from the previous report in January.

In Tokai region, the economy continued to pick up. At the same time, the economy has been picking up as a whole in Shikoku region, as some weakness observed on the production side has begun to ease.

The Tohoku region reported that developments in economic activity observed at the time of the last assessment had continued, noting that the economy had been recovering as a whole.

by RTT Staff Writer

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