let's get to jodi schneider in tokyo. is this a big bet on the boj doing more before the end of the month? jodi: that's right. there is a lot of concern about a recession that some economists say. there is a lot of batting and hoping and speculating about what is going to happen, perhaps as soon as october 30. would be more stimulus added to the unprecedented amount of stimulus that has already occurred. jonathan: jodi, the big manufacturers are clearly losing confidence, and after yesterday's drop in industrial output, are we heading for a recession? where does this leave abenomics? he is talking about a golden age but it doesn't look so golden. jodi: no, not really. so far it has been incomplete and at some point, you have to get a grade. right now because of things like the manufacturing index, there is a lot of concern that there is already a recession. stabilizingy on the of china manufacturing. there is a lot of concern about what happens here. the companies and corporate profits have been going back. they haven't be

let's bring in jodi schneider in tokyo. what are we to make of the comments this morning? the strongest signal was delaying the inflation target. is that we should take notice of this morning? jodi: yes. there are few things to watch. first of all, honestly they did stimulus, butr by moving the inflation target, he's saying he thinks we're going to make it. the reason for not making the inflation target. they were low, and that is what was causing them not to hit that 2% target. he also said this doesn't mean they will not take action in future. all eyes are on november 18 and 19 when the board meets again. anathan: you and i spoke couple weeks ago and there was this difference between expectations, international and japan and domestic expectations. going for it in the coming months, what are we expecting of the boj, and what are the data points we should be looking at? jodi: i think first of all the fact that the u.s. and the ecb as you had just mentioned say they may act, i think that has to be part of the equation here. bighey think they're trading partners are going to