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.
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The USD/JPY pair is seen consolidating in a narrow band around mid-159.00s during the Asian session on Tuesday as traders opt to wait for the crucial Bank of Japan (BoJ) before placing fresh directional bets.
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