BoJ raises assessment for 2 of Japan's 9 regions
Source Fxstreet
BoJ maintains assessment for 7 of Japan's 9 regions in quarterly report.
All regions in Japan saw economy recovering moderately, picking up or picking up moderately.
Many regions said service consumption remains firm.
Many regions said output increasing due to rebound in global it demand, auto-related output also at high levels.
Many regions saw firms saying they must keep raising wages due to structural labour shortage.
Some small firms continued to complain of severe earnings situation, must be vigilant.
Many regions said price hikes broadening, manufacturers saying they are able to pass on rising costs more smoothly.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Euro zone inflation slowed a touch in October and continued to hover near the European Central Bank's 2% target, confirming the bank's message that the economy remains on the relatively benign path it projected earlier.
The Euro appreciates for the fourth consecutive day against a weaker Pound, with price action showing consolidation around the 0.8800 area on Friday's early European session, on track for a 0.8% weekly rally.
Amazon shares jumped nearly 12% in premarket trade on Friday after strong growth at its cloud unit and a bullish sales outlook eased fears that the tech giant was falling behind rivals in the AI race.
Here is what you need to know on Friday, October 31:
GBP/USD inches higher after three days of losses, trading around 1.3160 during the Asian hours on Friday.
Related Instrument
