(IGM)[JAPAN FIN MIN KAN] is over the wires, saying that the likelihood of Japan escaping a double dip recession has increased,... $EWJ

 

JAPAN FIN MIN KAN] is over the wires, saying that the likelihood of Japan escaping a double dip recession has increased, with economic indicators having improved a lot. That said, he still wants more efforts to end deflation; and confirms earlier press rpts that BOJ Gov Shirakawa is meeting today with Prime Minister Hatoyama for the first of what will be periodic meetings, likely to be every three months between the government and the central bank. Otherwise on the Yen, he notes its recent weakening has been good for Japanese businesses. Even though BOJ sat pat on policy this week; pressure from the Govt on the BOJ to adopt further QE measures looks set to continue, especially heading into the July elections and or if the Yen strengthens