The FINANCIAL — According to Nikkei News, the Bank of Japan on July 6 upgraded its core economic assessment of the nation's regional economies for the first time since October 2006, as some signs of improvement have started to be seen in exports and production.
All nine regions revised their assessment upward, saying "economic conditions continue to be severe, although they have recently begun to stop worsening with the pace of deterioration slowing," the central bank's quarterly Regional Economic Report for July showed.
The BOJ cut the regional economic view in its April report, citing weakness in areas including business investment and private consumption.
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