A piece in Japan's Nikkei today once again raises the question of further Bank of Japan easing tomorrow

The belief that the Bank of Japan will carry out more easing at Friday's monetary policy meeting pushed long-term yields below the 0.3% threshold, according to Kazuhiko Sano, chief bond strategist at Tokai Tokyo Securities

More easing or not is still an open question, with the market, on balance, expecting an on hold decision

What does seem likely is that the BOJ will lower its inflation outlook (the bank will be releasing its semi-annual Outlook for Economic Activity and Prices)