Moar bonds

Some BOJ officials still favour increasing the 80 trillion yen bond buying program, Bloomberg reported earlier, citing unnamed sources.

"Their views suggest that cutting a key interest rate deeper into negative territory, or expanding purchases of risk assets such as real-estate investment trusts, aren't the only options if the board concludes at the end of the BOJ's comprehensive review that more action is needed," BBG reports.

The report really boils down to openness and a lack of any decisive ideas. Bloomberg says views are divided about which steps or combination would work and that there is even the potential for no action on Sept 21.

Earlier, Reuters and Nikkei reported that the BOJ was thinking about cutting rates further but the headlines hinted at more of a consensus than the text of the stories.