TOKYO (BLOOMBERG) - The Bank of Japan cut its assessment of all 9 of the country's regions in its quarterly 'Sakura' report on local economies.. Read more at straitstimes.com.
TOKYO - The Bank of Japan cut its assessment of all 9 of the country's regions in its quarterly"Sakura" report on local economies.
Responding to the recent jump in Japan's infection numbers, Prime Minister Shinzo Abe this week was forced to declare a state of emergency for Tokyo, Osaka and prefectures that together generate half of the country's economic output. "All nine regions revised down their assessments from the previous ones in January 2020, due mainly to the impact of the outbreak of the novel coronavirus and reported that their economy had been weak or facing strong downward pressure," the BOJ said in its survey.
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