It's the question everyone is asking: when does the BOJ finally intervene and contain the Weimar-style collapse in Japan's currency... or if it refuses to intervene, is Tokyo actually hoping to spark hyperinflation in a desperate attempt to inflate away the country's gargantuan debt load at the expense of social unrest and the decimation of its population, something we discussed last December in "The $20 Trillion Carry Trade That Will Destroy Japan."
One thing is certain: while Japan's Ministry of Finance may pretend nothing is happening, sooner or later they will have to respond, especially if the current pace of currency collapse - which would make banana republics blush - persists.
But first, we have the Bank of Japan meeting, which takes place late on Thursday ET (early April 26 local time), where markets are largely expecting no change in policy. The main focus will be on
