The Bank of Japan raised its regional economic assessment for the first time since the beginning of last year, sending a signal of increased confidence in economic recovery and providing a basis for another rate hike. Of the nine regions covered by this quarterly economic report, the Bank of Japan raised economic judgments in the Tohoku and Shikoku regions. This is the first time since January of last year that the report has raised its assessment. The Bank of Japan said on Thursday: “All nine regions claim that the local economy is recovering moderately, is recovering, or is moderately recovering, although there are signs of weakness in some areas.” Following last month's rate hike, the market generally expects the Bank of Japan to raise interest rates again in December. The report did not send a signal that there is an urgent need to raise interest rates immediately, but the increase in the assessment indicates that the economic trend is in line with the Bank of Japan's judgment, that is, it is necessary to raise interest rates further.

The Bank of Japan raised its regional economic assessment for the first time since the beginning of last year, sending a signal of increased confidence in economic recovery and providing a basis for another rate hike. Of the nine regions covered by this quarterly economic report, the Bank of Japan raised economic judgments in the Tohoku and Shikoku regions. This is the first time since January of last year that the report has raised its assessment. The Bank of Japan said on Thursday: “All nine regions claim that the local economy is recovering moderately, is recovering, or is moderately recovering, although there are signs of weakness in some areas.” Following last month's rate hike, the market generally expects the Bank of Japan to raise interest rates again in December. The report did not send a signal that there is an urgent need to raise interest rates immediately, but the increase in the assessment indicates that the economic trend is in line with the Bank of Japan's judgment, that is, it is necessary to raise interest rates further.