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BOJ Cuts Its Economic View for Seven of Nine Regions

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.

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