In the Regional Economic Report, BoJ upgraded assessment on 9 of the 10 regions, except Shikoku which was kept unchanged. The central bank noted, “many regions, while noting that their economy had been in a severe situation due to the impact of the novel coronavirus (COVID-19), reported that it had started to pick up or shown signs of a pick-up, with economic activity resuming gradually.”
“Once the impact of the coronavirus pandemic subsides globally, Japan’s economy is likely to continue improving further as overseas economies resume steady growth,” Governor Haruhiko Kuroda said in the quarterly branch managers’ meeting. “We’ll monitor the impact of COVID-19 and won’t hesitate taking additional easing measures as needed.”
Economy Minister Yasutoshi Nishimura also said the current economic sentiment is becoming really good. The Eco watch current sentiment rose from 43.9 to 49.3 in September.
