The Bank of Japan is meeting Wednesday and Thursday in Japan

BoA / ML have got the ball rolling with a bit of a preview.

in brief;

  • They're expecting the BOJ will stay on hold
  • BoAML say that that the recent move higher for the USD/JPY has reduced expectations for easing
  • They do expect, though for that the BOJ is likely to ease policy further in January, but if not then then some time in the first half of 2016