21 November 2003, 09:35  BOJ says Japan's economy starting to recover

TOKYO, Nov 21 - The Bank of Japan gave a brighter view of the economy on Friday, saying it is starting to recover on rising exports and a recovery in capital spending. "The economy is starting to recover gradually," it said in its November economic report. In October the BOJ said the foundations for a gradual economic recovery were coming into place. Friday's report is effectively the third upgrade in as many months, although the BOJ has decided that before formally upgrading its assessment it will wait until a review, expected in January, of its twice-yearly outlook released in October.//

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