BOJ cuts economic assessment for five of Japan's nine regions

In its latest quarterly report released on Thursday, the Bank of Japan (BOJ) slashed its economic assessment for five of Japan’s nine regional economies.

Key details

“BOJ cuts assessment for 5 of Japan's 9 regions.”

“BOJ maintains assessment for 4 of Japan's 9 regions.”

“Some regions say pickup in economies moderate.”

“Many regions maintain view their economies are picking up.”

USD/JPY consolidates around 111.40

USD/JPY is holding steady around 111.40, divided between the risk-off trading and a brief US dollar pullback amid the optimism on the US debt ceiling.

The spot was last seen trading at 111.43, virtually unchanged on the day.