In its quarterly survey on regional economies, the Bank of Japan (BOJ) raised the economic assessment for nine of Japan’s nine regions.

Key takeaways

It’s a sign of “confidence that a recent resurgence in coronavirus infections would not derail the country’s fragile recovery.”

“All of the regions said their economies were picking up or showing signs of a pick-up as the hit to service consumption from the pandemic eases somewhat.”

Market reaction

USD/JPY is stuck in a narrow range of around 115.35, up 0.06% on the day.

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