Bloomberg News

BOJ Cuts Its Economic View for Seven of Nine Regions

January 16, 2012

(Updates with regions downgraded in the second paragraph.)

Jan. 16 (Bloomberg) -- The Bank of Japan cut its economic assessment of seven of the country’s nine regions as a global slowdown and the yen’s gain threaten the nation’s recovery from the March earthquake.

Conditions in Hokkaido, Hokuriku, Kanto, Tokai, Kinki, Chugoku and the Kyushu-Okinawa area have deteriorated from October, the central bank said today in its quarterly Sakura Report on regional economies. It left its evaluation of Shikoku and the eartahquake-stricken region of Tohoku unchanged, citing reconstruction demand in the disaster area.

--Editor:

To contact the reporter on this story: Mayumi Otsuma in Tokyo at motsuma@bloomberg.net

To contact the editors responsible for this story: Lily Nonomiya at lnonomiya@bloomberg.net; Stephanie Phang at sphang@bloomberg.net


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