Reasons to be cheerful?

Firstly, O'Neill beileves Japan’s post-tsunami recovery appears to be firmly on track.  “The quarterly BOJ Tankan survey released last week was suggestive of a V-shaped recovery, consistent with almost all recent data. This week, the BOJ will probably raise their assessment of the cyclical economic outlook. Whether any of this will translate into anything more substantial beyond this autumn remains highly uncertain. There remains quite a debate between two groups of observers.  The majority continue to see a poor future for Japan given its major structural challenges. The minority (adjustin...