BOJ releases its quarterly regional economic report

  • Two of the nine regional economies seen as 'expanding', with the view being the most upbeat in 11 years

Also known as the Sakura report. The other 6 region's economic assessment are maintained. Full release here.

Last week there was news that the BOJ is considering to raise its 2018 GDP forecast in this month's meeting, and it was echoed by the Nikkei news outlet here. Perhaps this is a preview of what's to come.

The BOJ meets on 22-23 January this month, with its monetary policy decisions due to be announced on 23 January.

USD/JPY still trading near the lows on the day, now at 110.70.