The Bank of Japan is fiddling at the edges with existing policy, but this isn't a quantitative easing, ... a fairly significant set of steps.

Because of fears over an early end to the quantitative monetary easing policy and overrated speculation of subsequent rate increases following the policy shift, we have seen last week yields rise to levels that fully price in a 0.5 percentage point rate hike.

Investors may take a wait-and-see stance until the Bank of Japan comes out with its policy statement.

Math is a quantitative subject, so it's easy to be fairly quantitative with the grading.

The on-year rise in core CPI backs up our forecast of an exit from quantitative easing in April of next year, but the market's interest has shifted to the timing of an interest-rate hike.

The dynamic of the move in stocks is you have an extremely bombed-out market coupled with a central bank that has taken a slightly more adventurous approach to monetary policy, ... But in overall macro terms, the place is still a complete and utter economic disaster.