Casey Stoner has high hopes of returning to winning ways at his home Australian Grand Prix less than a week from when he was forced to relinquish his title.

Stoner had to beat Valentino Rossi in Japan to prevent him from claiming the 2008 MotoGP title, but his failure to beat him at Motegi means the Italian heads to this weekend's race in Phillip Island as the new champion.

Nonetheless, Stoner was satisfied with his second place finish in Japan following a disappointing period of form that saw him fall in Brno and Misano, as well as finish a lacklustre fourth in Indianapolis.

As such, he is confident he can challenge for victory at Phillip Island as he looks for inspiration at his home event around a circuit he admits he 'loves' - wet or dry.

"The three races before Japan were really difficult for us, with two crashes and a fourth place, so even though I couldn't win at Motegi second place wasn't a bad result and it means I can look ahead to Phillip Island in a positive manner.

"I can't wait to race there - not only because it's my home race but also because it is one of the best tracks in the world, with so many fast corners and fun sections to ride a MotoGP bike. I love it and I think the other riders would agree with me on that. Hopefully the weather holds out but even if it rains Phillip Island is always great fun."