And that is Japan

Japan's trade minister has been calling for a trade exemption and lawmakers in the country has been talking about it for the past week, but it seems like those talks are amounting to nothing at the moment.

It's either Japan is working on a free trade deal with the US in the background, or their request has basically just fallen on deaf ears. The former is quite unlikely as there hasn't been much talk of that recently, and this doesn't bode well for the BOJ.

I highlighted here yesterday that the BOJ has more things to worry about, and with a potential trade war on the horizon it's going to give more impetus to the yen - which will in turn hurt growth and also inflation even more than it already has over the last few months.

So, when exactly does Kuroda want to exit easing policy again? Hmm.