• BOJ has room to buy a broader range of assets, bonds with longer maturities under asset buying programme
• Buying Foreign bonds as part of QE is equivalent to FX intervention and would send the wrong message to the world
• IMF stance remains that the Yen is ‘moderately overvalued’
• No major economical impact on the Japanese economy from territorial row with China ( you sure about that…, what about car exports to China..?)
• Many Asian nations see slowdown risks in their economies as a result of the European debt crisis