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Japan's central bank lifts economic views on 2 regions on quake recovery, car output

0 Comment(s)Print E-mail Xinhua, October 7, 2024
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TOKYO, Oct. 7 (Xinhua) -- The Bank of Japan (BOJ) on Monday upgraded its economic views on two of the country's nine regions, owing to a steady recovery from a massive earthquake earlier this year and increased car production following the recent vehicle certification scandal.

According to the central bank's quarterly Sakura Report, the assessments of quake-hit Hokuriku in central Japan and the Tokai region centering on Nagoya were revised upward.

The economy has begun to recover moderately, although the effects of the 2024 Noto Peninsula Earthquake have been observed in part, the report said, referring to the area hit by the 7.6-magnitude earthquake in January.

Meanwhile, car production has also been on the rise in the Tokai region, where Toyota Motor Corp. is headquartered, as the area recovers from a scandal involving the Japanese automaker's admission of falsifying performance tests in order to obtain government certifications for its vehicles. Enditem

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