BOJ is taking advantage of a gradual rise in food prices, from yogurt and ketchup to "gyudon" beef rice bowls - once a symbol of Japanese deflation.» Read More
Investors poured funds into Japan stocks last year on hopes of more Bank of Japan easing, but it looks like next week's meeting will disappoint again.
The stage is set for a U.S. dollar breakout in the second half of the year.
Masayuki Kichikawa, Chief Japan Economist, Bank of America Merrill Lynch, says the Bank of Japan's comments indicate that it maintains a "cautiously optimistic" view on the country's economy.
Following Japan's May industrial production report, the Bank of Japan will be looking at whether companies are investing again, says Martin Schulz, Senior Economist at Fujitsu Research Institute.
Freya Beamish, economist at Lombard Street Research, says Japan could be forced to take more aggressive policy action to avoid "an actual crisis".
Charles Beazley, former CEO of Nikko Asset Management, says Japanese Prime Minsiter Shinzo Abe needs corporates to work with his policies.
Jesper Bargmann, Head of Trading Markets for Singapore at Nordea, says the Bank of Japan prefers a weaker yen and may take action faster than expected to curb the strength of its currency.
Expectations interest rates will be lower for longer have spurred "carry trades" funded by low-yielding currencies, but some warn it's not a safe bet.
Michael Hasenstab said that Japan's easy money policy will bolster global liquidity, but he warned that debt conditions there are worrisome.
Jesper Koll, head of Japanese equity research at JPMorgan Securities Japan, discusses the Japanese economy and says that both consumer spending and business investment is growing.
The dollar was up around a third of a percent against the yen as markets listened to the Bank of Japan's latest comments on policy on Friday.
Martin Schulz, senior economist at Fujitsu Research Institute, says the Bank of Japan's pledge to cut the corporate tax rate will give the country much-needed business investment.
Eisuke Sakakibara, Former Vice Finance Minister of Japan from 1997 to 1999, says the central bank chief may ease at the end of this year or next year.
Dominic Bunning, FX Strategist at HSBC, says the Bank of Japan may only introduce new monetary stimulus in the second quarter of 2015.
Japan stocks have disappointed this year, but some funds are betting companies will finally put their piles of cash to work for shareholders.
Hamish Pepper, Forex Strategist, Asia Pacific at Barclays, expects dollar-yen to peak at 105 amid high inflation in Japan and expectations that the central bank won't be easing soon.
Masayuki Kichikawa, chief Japan economist at Bank of America Merill Lynch, says that Japan's revised GDP data shows that the Bank of Japan is less likely to act in the coming months.
Junko Nishioka, Chief Economist for Japan at RBS, sees limited chances of additional easing by the central bank in the near future.
With Japan facing an aging population and a looming labor shortage, more investors see opportunities in efforts to lure women into the workforce.
Simon Cox, MD & Investment Strategist, Asia Pacific, BNY Mellon, expects the Bank of Japan to take more action if the economy is doing worse than expected.