BoJ raises rating for two of Japan’s nine regions

In its quarterly report on Monday, the Bank of Japan (BoJ) raised the rating for two of Japan’s nine regions.

Supplementary food

The BoJ maintains the rating for seven of Japan’s nine regions.

All regions in Japan saw a moderate economic recovery, recovering or moderately recovering.

Many regions reported that consumption of services remained firm.

Many regions said output increased due to a rebound in global IT demand, with auto-related output also at high levels.

Many regions have seen firms say they must continue to raise wages due to structural labor shortages.

Some small firms continued to complain about the dire situation of earnings, they must be vigilant.

Many regions said price increases are spreading, with producers saying they are able to pass on rising costs more easily.