“The Bank of Japan will likely ease monetary policy next week, sources say, as looming risks such as the potential fallout from the U.S. fiscal cliff and weak Chinese growth continue to cloud the outlook for an economy already seen as in recession. The most likely option is for the central bank to expand its asset-buying and lending programme, currently at 91 trillion yen ($1.1 trillion), by another 5-10 trillion yen, at the meeting on Dec. 19-20. The central bank has been under intense pressure to become bolder in its efforts to beat deflation ahead of a lower house election on Dec. 16, which polls suggest the main opposition Liberal Democratic Party (LDP) will win.”
http://www.reuters.com/article/2012/12/10/japan-economy-boj-idUSL4N09K1TM20121210
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