The Bank of Japan’s Fukuoka branch has reported a gradual economic recovery for Kyushu and Okinawa in its June financial overview. The upgrade marks the second month of positive revision. Increased inbound tourism and a resulting rise in consumer spending have contributed to this recovery. The branch manager, Shinsuke Oyama, is also optimistic about the potential economic boost from upcoming events in July (World Aquatics Championships taking place in Fukuoka in July) but warns of a serious labor shortage that could threaten business profitability. Source: Bank of Japan Fukuoka Branch / Nikkei
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