The Bank of Japan retained its economic assessment for all nine regions on Monday as regions had been recovering moderately or recovering.
Compared with the last assessment in July, all regions reported that their assessments regarding the pace of economic improvement had remained unchanged, the BoJ said in its quarterly Regional Economic Report.
The central bank said all regions had been recovering moderately or recovering, primarily as, on the domestic demand side, business fixed investment had been on a moderate increasing trend and private consumption had been resilient against the background of steady improvement in the employment and income situation.
Nonetheless, exports and production had been affected mainly by the slowdown in emerging economies, the bank said.
The government last week downgraded its economic view citing weakness in industrial output. The cabinet office said the Japanese economy is on a moderate recovery, while weakness can be seen in some areas.
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