BoJ downgrades economic outlook as regional growth disappoints

A street in Japan
Some Japanese regions are seeing their economies slow

The Bank of Japan (BoJ) cut its assessment for three of the country’s nine regions on April 8, the biggest number of downgrades in six years, citing the slowdown in overseas economies.

The central bank downgraded the northeastern region of Tohoku, the middle region of Hokuriku, and the southwestern region of Kyushu-Okinawa in its quarterly Regional Economic Report for April.

The results suggest a bleaker view compared with three months ago, when two regions saw their outlook upgraded and none

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