After the BOJ stood pat, the Abe administration is under increased pressure to carry out fiscal action, says Fan Cheuk Wan from HSBC Private Bank.
The BOJ will ease policy but it is unlikely that they will cut negative interest rates deeper, notes Kevin Leung from Haitong Intl Securities Group.
JPMorgan Asset Management's Kerry Craig says there ought to be fiscal and structural changes to support the monetary policy in Japan.
The BOJ will have to make a move, given softer economic data and negative rates' impact on financial markets, says Kerry Craig from JPMorgan AM.
Invesco Asset Management Japan's Alex Sato says Japan's recent economic data are a mixed bag and expects the BOJ to hold off on stimulus until June.
Japan's core consumer prices fell 0.3 percent in March from a year earlier, government data showed on Thursday.
Scott Mather, PIMCO Chief Investment Officer U.S. Core Strategies, looks ahead to the Federal Reserve and Bank of Japan policy statements.
If BOJ were to cut rates further into negative territory, it has to clearly explain that this won't hurt individuals in Japan, notes UBP's Kieran Calder.
The recent earthquake in Japan might provide the basis for more aggressive-than-expected BOJ easing, says Columbia Threadneedle Investments' Jeff Knight.
Even if the BOJ eases policy again, the dollar/yen cross might react by weakening, explains Roger Bridges from Nikko Asset Management.
One veteran strategist told CNBC that central banks’ adoption of negative rates was “meaningless” for the foreign exchange markets.
Ahead of the Bank of Japan’s (BOJ) policy review meeting on Thursday, analysts are busy predicting what further stimulus it could announce.
Signs of stabilization in China and attractive valuation levels are why Asian markets are looking good, explains Vasu Menon from OCBC Bank.
Bank of Singapore's Sim Moh Siong expects BOJ's policy bias to be for increasing ETF purchases to weaken the yen against the dollar.
Global bond markets have rallied recently but a rise in interest rates could trip many participants, a senior investor warns.
Richard Harris from Port Shelter Investment Management says the BOJ is powerless without policy options because the yen is not weakening.
Jeremy Schwartz, Director of Research at WisdomTree Asset Management, discusses the Bank of Japan's negative interest rates and how a change in policy could affect Japanese equities and the yen.
DBS Bank's Philip Wee expects the BOJ to further into negative rate territory as well as increasing ETF purchases by 2-3 trillion yen.
Uwe Parpart from Capital Link International expects the BOJ to announce a doubling or even tripling of its annual ETF purchases this week.
Rabobank's Michael Every reckons the BOJ will have to ease policy further as its 2 percent inflation rate target remains elusive.