But, the growth hasn't been enough to drive inflation up to levels that would scare the BoJ into a concerned effort to control inflation. To be honest, with as much deflation as the country has, you almost wonder if the BoJ should let inflation run rampant for a while just so as to let the country catch up from so many years of negative growth.
That would surely irritate a few other central bankers in the world, but so what.
I've been short yen for a few weeks now, and that's been going swimmingly. Looking to step into the market and sell some short-dated .8400 puts (119.00 USD Call equivalent). There's about 9 trading days left to go. I'm hoping that the yen will push lower one more time to pop the price up a bit more.