The Bank of Japan on Wednesday raised its economic assessments for all nine regions in the country due to a recovery in service consumption and production, despite looming uncertainty over the impact of the omicron variant of the coronavirus.

It is the first time since October 2013 that the views on all regions have been upgraded in the quarterly report, according to the BOJ.

The Japanese central bank said the nine areas reported that economic conditions had been "picking up" or had shown "signs of a pickup."