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
- Motivations and prospects for central bank digital currency
- The Belt and Road Initiative 2019 Survey – A new driver for globalisation?
- Central bankers call for ‘practical action’ to tackle climate risks
- Fintech and the future – Improving financial literacy
- ‘They could do nothing’: insights into political interference at the Fed