12 January 2001, 09:46  SUMMARY : fundamentals for USD/JPY in the morning Jan 12th

For USD/JPY + new - usd/yen will be 120-130 soon - Sakakibara , MF
+ new - Japan diffusion index falls to 57 in Nov from 78 in Oct
+ Kuroda calls for higher euro/yen
+ Japan Miyazawa - happy to let the market determine the yen's value
+ Tokyo unadj CPI -0.6% yoy
+ Jpan Nov. overall retails sales down 0.7% yoy
+ Japan Nov. jobless rises to 4.8%
+ Japan Nov trade surplus falls to Y599bn
+ Japan Nov. bankruptcies rise 12% yoy
+ Japan to restate Q3 growth to contraction in Feb - report
- Japan EPA - econ not in deflation spiral
- Japan Fin Min - 'stocks have no more room to decline'
- BOJ Hayami - not worried by price fall
- Japan Nov electricity usage +2.8%yoy
- Japan Miyazawa - no slow down next year, 2% growth possible
- Japan CA narrows 9.6% in October
- Japan capital spending rises 0.2%

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