BoJ governor offers bleakest view in six years on Japan’s regions

Japanese government has decided to nominate Haruhiko Kuroda to serve as governor of the Bank of Japan for another term.

TOKYO: The Bank of Japan (BoJ) has cut its assessment for three of the country’s nine regions, the biggest number of downgrades in six years, suggesting that the damage to exports and factory output from slowing overseas demand was broadening.

The largest hit came from sluggish demand in China, a sign that Japan’s recovery prospects would depend heavily on how quickly Beijing’s stimulus measures help prop up its economy.