Bank of Japan Watch:Chak-a-chak-a-chak
Like the sound of twirling rotor blades? Tempting stuff, but don'tget too excited: the BoJ isn't about to launch helicopter money
Still, the pressure is on to ease, and we expect more equity andbond purchases of 10 trillion yen, and move up our rate cut call
Most of this already appears baked into market expectations, notleast USD-JPY, which has risen sharply in the last several days