BOJ maintains assessment for 8 of Japan's 9 regions in latest economic report

  • The BOJ releases its quarterly regional economic report for October 2025
Japan Tokyo
  • All regions said economy is recovering moderately, picking up or picking up moderately
  • Some regions cited firms saying they might need to curb wage hikes if trade issues downgrade corporate profits
  • Some regions said exports, capital goods orders were falling due to fading demand ahead of US tariffs before
  • Many regions noted that firms are taking tougher price negotiation stance due to hit from tariffs
  • Many regions said firms continue to pass on rising input, labour costs via price hikes
  • Some regions cited firms are restraining price hikes as food price rises hit consumers

The breakdown of the overview assessment can be seen below:

JP RER 10-2025

Meanwhile, the full report can be found here.

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