High expectations for BoJ, doors open for immigration

Bond market participants appear convinced that something substantive will come from next week’s Bank of Japan meeting. But if the Bank did anything that was perceived as backing away from the commitment to keep policy ultra-loose it would be shooting itself in the foot. Meanwhile, Mr Abe’s hopes of remaining as head of the governing party – and so as prime minister – received a lift this week. And the government is opening the doors wider to immigrants.