The central bank is buffeted by the same factors as its global peers — and homegrown challenges that are tougher to tackle.
The BOJ governor will likely walk back the exuberance he showed in November.
A misstep 18 years ago should not prevent a careful step today.
For the central bank, failure can be an opportunity.
More immigration allows much-needed growth in the workforce and a higher consumption tax shores up government finances.
Look what happened over two decades while the world was distracted by China.
One of the broad themes of the past few years is that China's economy is becoming less export-dependent and more tied to domestic consumption.
Don't read too much into this talk of an "extended period" of stimulus. The board is already divided.
The Abe adminisration and the private sector are reasserting influence in Asia and beyond.
Capital expenditures are set to rise, while the rest of the world is increasingly wary.