The Bank of Japan’s Fukuoka branch has maintained its assessment that the Kyushu-Okinawa economy is “recovering moderately” despite some weak areas. The July report indicates robust consumer spending and active business investments, despite rising prices. The resumption of automobile production, previously halted due to certification issues, and the anticipated increase in semiconductor production suggest a positive outlook. Branch manager Sakuta emphasized the importance of monitoring the impact of wage increases and summer bonuses on consumer spending. Source: Bank of Japan Fukuoka Branch
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