BOJ cuts economic view for 5 of Japan’s 9 regions

FILE PHOTO: A man wearing a protective mask walks past the headquarters of the Bank of Japan in Tokyo
FILE PHOTO: A man wearing a protective mask walks past the headquarters of the Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-Hoon/File Photo

October 7, 2021

TOKYO (Reuters) – The Bank of Japan cut its assessment for five of the country’s nine regions on Thursday as the economy took a hit from supply constraints and a spike in coronavirus infections during the summer.

“While some regions saw the rebound in their economies moderating, many maintained the view that their economies were picking up,” the central bank said in a quarterly report analysing regional economies.

(Reporting by Leika Kihara; Editing by Chang-Ran Kim)