RTTNews - Monday, the Bank of Japan said economic conditions continued to be severe, but they started to stop worsening with the pace of deterioration slowing.

Based on reports from the nine regions in Japan, the central bank said the pace of economic deterioration was slower in all regions compared with the previous assessments. However, most regions emphasized that their economies continued to be in a severe situation.

Among the nine regions, Hokkaido reported that its economy was stagnant. Meanwhile, Tohoku, Hokuriku, and Kinki assessed that their economic conditions were still severe and Kanto-Koshinetsu and Kyushu-Okinawa inserted after deteriorating significantly into their assessments.

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