- Economy picking up, foundation being laid for self-sustaining recovery
- Beating deflation top priority, to continue working with BOJ
- Expects BOJ to deliver utmost efforts to end deflation
- Upgrades capital spending assessment, 1st time in 3 months
- Capital spending has bottomed out
- Keeps cautious view on downside risks from Europe, overseas economies
USD/JPY touch lower in early European trade, presently at 90.75. Talk of buy orders 90.50/60, probably stops close by below 50. Sell orders noted up at 91.00/20.
