Bank of Japan downgrades economic assessments for 7 out of 9 regions, most cuts since April 2022.
The Bank of Japan (BOJ) downgraded its economic assessments for seven out of nine regions, marking the most cuts since April 2022. This move follows the bank's first interest rate hike since 2007. The BOJ stated that the economies are mostly recovering gradually, but warned of weak signs in consumption and output due to sluggish winter clothing sales and auto production disruptions.
April 04, 2024
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