The Bank of Japan downgraded economic assessment of all nine regions for the second straight time, citing the impact of the novel coronavirus, or Covid-19.

According to the latest quarterly Regional Economic Report, released on Thursday, all nine regions reported that the economic situation is worsening.

Nine regions namely Hokkaido, Tohoku, Hokuriku, Kanto-Koshinetsu, Tokai, Kinki, Chugoku, Shikoku, Kyushu- Okinawa reported that their economy had either deteriorated or had been in a severe situation.

Data came ahead of BoJ’s monetary policy meeting due on July 15.


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