S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketIn its quarterly regional economic report published on Monday, the Bank of Japan (BoJ) maintains the assessment for all of Japan’s nine regions.
Additional takeaways
- All regions said their economies recovering moderately or picking up, picking up moderately..
- Many regions said consumption on firm note for both services, consumption.
- Some regions said output increasing such as for automobiles.
- Many branches said must be vigilant to impact of trade policy as firms in their regions saw heightened uncertainty on impact to output, profits.
- Many branches said can expect broad range of firms in their regions to offer strong pay hikes this year.
- Some regions said smaller firms still cautious of pay hikes due to severe profit conditions.
- Many regions said pass through of high import costs continuing.
- Many regions seeing broadening of firms implementing or considering pass-through of expected rise in labour costs via price hikes.
- Some regions said some firms continuing to cut or maintain prices, increase line-up of low-price goods due to soft consumption.
Market reaction
USD/JPY is back at around 146.00 following these headlines, losing 0.58% on the day.
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