• Kyodo News


The Finance Ministry said Tuesday all 11 of its regional bureaus reported a recovery in their economies in the July-September period for the fourth consecutive quarter, the longest streak in 15 years.

The previous record of 11 quarters was from January 1988 to April 1991, when the country was riding the asset-inflated bubble economy.

The ministry left its overall assessment for the July-September quarter from the previous three months, saying the economy continues its moderate recovery.

The latest report is the 11th straight quarter the ministry has made this assessment, a Finance Ministry official said.

The ministry is expecting solid growth in the coming months, while the impact of crude oil prices needs to be carefully monitored.

Of the 11 regions, the ministry gave its highest rating in more than 15 years to the Tokai region centering on Nagoya. It is home to a number of blue chip companies, including Toyota Motor Corp.

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