It’s a rare report in which the Japanese central bank makes no changes to any of their economic assessment of the 9 Japanese regions covered. For the most part, they see regional economies as “recovering moderately” or “picking up moderately”. And that fits with their main messaging in their view towards the Japanese economy as a whole too.
Here is the full assessment breakdown:
Looking at the other details:
- Public investment is mixed with some regions seen “picking up” while others “has been at a high level”
- Business fixed investment are all seen as “increasing”
- Private consumption is also mixed, with an array of assessments from “picking up”, “recovering moderately”, “has been firm/resilient”, and “increasing moderately”
- Housing investment is mostly described as “relatively weak” across most regions
- Production is mostly seen as “more or less flat” as a trend with only Tohoku seen as “picking up”
- Employment and income is seen as “improving moderately” across the board
This is one report that offers just a glimpse of what the BOJ is feeling about the economy and what makes up their view and general outlook. It’s not one that really offers too much excitement or significance in terms of market impact. So, carry on as you will.
