- Economy picking up slowly, difficulties remain after earthquake
- Govt raises view on exports for first time since August, says they are ‘levelling off’
Overnight Shirakawa said the BOJ is to pursue powerful monetary easing which has lent USD/JPY some underpinning. We sit presently at 80.90.
Recent reports have had semi-official (Kampo) demand lined up down in the 80.50/60 area.
