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BOJ cuts economic view for 5 of Japan’s 9 regions By Reuters

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© Reuters. FILE PHOTO A man in a mask walks by the Bank of Japan headquarters during the COVID-19 outbreak that occurred in Tokyo, Japan on May 22, 2020. REUTERS/Kim Kyung Hoon/File photo

TOKYO (Reuters] – Japan’s Bank of Japan reduced the assessment of five of its nine regions, as supply restrictions and a surge in coronavirus cases during the summer caused a slowdown.

The central bank released a quarterly report on regional economies that stated, “While certain regions witnessed the rebound in economies slowing down, others held the belief that their economies were rising.”

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