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BOJ keeps regional outlook unchanged in latest quarterly Sakura report

The BOJ cited risks to exports and firms weighing higher food and other daily necessity prices tied to faster-rising raw material costs linked to the Middle East conflict.

Reported · Written up by our desk · Central Banks

Bank of Japan officials kept their overall assessment unchanged across all nine Japanese regions in the latest Sakura report, with most areas still described as recovering moderately, according to Forexlive.

The report also highlighted risks of a sharp drop in exports, while many firms are considering price increases for food and other daily necessities in the period ahead.

Forexlive reports the BOJ linked expected price pass through largely to rising raw material costs, pointing to a Middle East conflict that appears to be progressing faster than anticipated.

At the same time, the report said many regions continued to see firms, including smaller businesses, offering high wage increases this year, though some firms warned it could become difficult to sustain those pay rises amid recent economic developments.

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