Bloomberg with the headline crossing on Barclays' latest view on the Bank of Japan:

  • They were previously tipping the BOJ to ease further in April 2016
  • Now tip October 30, but they see a risk of action on October 7

Barclays cite today's inflation expectations survey results ... "risk that corporate inflation expectations have started to turn down"

Barclays expect:

  • boost annual monetary base expansion pace to 100t-110t yen (from current 80t yen)
  • More JGB purchases, extend average maturities of JGBs held
  • Raise ETF buys
  • Cut interest rate on excess reserves