Reuters on comments via Norinchukin Research Institute in Japan

The firm adds it sees a 70% probability Japan slips into recession

As for the sales tax and the implication for the Bank of Japan:

  • "If the sales tax is delayed, the BOJ would come under pressure for further easing."

And, another view, this from Tokai Tokyo Research Center:

  • "The BOJ is running out of options ... It has to sound dovish to prevent the yen from rising,"

Dude … they are dovish ….