BOJ upgrades view on most regional Japan areas as pandemic impact fades

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A man walks past Bank of Japan's headquarters in Tokyo

TOKYO – The Bank of Japan raised its economic assessment for seven of the country’s nine regions on Monday, saying most areas were seeing damage from the COVID-19 pandemic subside.

“Most regions are seeing their economies pick up moderately as the pandemic’s impact on consumption eases,” the BOJ said in a quarterly report analysing conditions for Japan’s regional economies.

The report maintained its assessment on the remaining two regions.

(Reporting by Leika Kihara; Editing by Christopher Cushing)