Boj Keeps Upbeat View On Regional Japan Labor Shortages Cloud Outlook


TOKYO – The Bank of Japan maintained its upbeat economic assessment for all nine regions of the country but some areas saw companies fret about rising costs from labor shortages, a sign that a tightening job market could constrain business activity.

In a quarterly report on regional conditions, the central bank on Monday said all areas were either recovering or expanding, thanks to robust overseas demand and improving private consumption.

The BOJ revised up its assessment on capital expenditure for three regions, as many firms ramped up spending on equipment to streamline operations and compensate for labor shortages.

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