The Bank of Japan’s Fukuoka branch maintains its assessment that the Kyushu and Okinawa economies are gradually recovering despite some weak sectors. While car production has been impacted by certification issues, robust personal consumption and corporate investment support the overall recovery. The branch highlights the importance of monitoring the effects of wage increases on household spending and the impact of yen depreciation and rising prices on real wages. Source: Bank of Japan Fukuoka branch / NHK
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