The Bank of Japan’s Fukuoka branch reported that the short-term economic observation survey for Kyushu and Okinawa in March showed a business condition index (DI) of +16, the highest level in over four years. The retail industry saw significant growth, with Iwataya Mitsukoshi reporting a 10% increase in monthly sales compared to the previous year. However, labor shortages are causing concerns, with the employment judgment DI for non-manufacturing industries reaching the worst level since 1974. Source: NHK
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