By Shinya Ajima
The Bank of Japan Thursday revised upward its assessments of all nine regional economies in the country.
This, compared with three months earlier, the first such move in nearly three years, encouraged by improvements in business investment and private consumption
The decision, also aided by stable industrial output, added to the encouraging signs earlier this week in the central bank's Tankan business sentiment survey, with some analysts expecting the BOJ to refrain from implementing additional monetary easing
"Many regions noted that the economy had been recovering moderately or picking up, while some regions noted that the economy
continued to pause generally, although there were signs of picking up," the bank said in its quarterly report released after a one-day meeting of its branch managers.