The market has been aware for some time of the Bank of Japan's (BOJ) expressed desire to normalize its monetary policy at some point in 2006, after almost five years of emergency measures. However, the turn of the year appeared to awaken the reality of the impending policy change to the investment community; and although the BOJ has avoided specifying any precise timetable for changes either to its quantitative easing or zero interest rate policies, speculation is now growing that the former ...
