Looking at Japan now. The Japanese economy is progressing in its efforts to emerge from deflation as companies benefit from strong growth at home and abroad. That was the word Monday from a senior Bank of Japan official. The head of the BOJ's Nagoya branch -- Shinichi Uchida -- said the BOJ is seeing some positive moves toward an end to deflation. Uchida also said that companies in his region are facing labour and capacity shortages. He said that they would be willing to build new factories outside of the area in order to meet staff shortages. Nagoya and the surrounding Tokai region is home to auto giant Toyota Motor Corp.