mr. kuroda is standing by his forecast. and he is standing pat policy. if you look at the market, some as flattening, so they're betting on more stimulus sometime in the next few months. we talked of economists, and more than half the people we talked to said they expect an expansion of stimulus maybe in october. october 30 is the key many are looking at. others say it will not happen until january of next year. will haveaid the doj to acty again to get near that target. jonathan: is getting wages to go higher what the problem is? a great story on bloomberg.com that the oil price is $15 a barrel below the bank of japan's target. they have that problem, so does the bank of america -- bank of the u.k. and the fed. an: energy prices are definitely part of the problem, but corporate sentiment is also part of the problem. mr. kuroda is giving his virtuous cycle story, one he is to behind for quite a while. saying that tightness in the labor market will lead to wage increases which should lead to spending. but corporate earnings have been strong for the last 2

mr. kuroda in just a few minutes. we will see what he says.t more easing is in the works and that the market yield curves have been flattening and economists that we asked said that they expect more buying of etf and jgb's. maybe not until january year but some point in the next six months. corona seemsernor to be backing the fact that he can reach that target at 2% inflation. is there a sense that you are escaping deflation? >> it is kind of a good news, bad news situation. if you look at any measure of cpi they are all in positive territory. all in positive territory. that is even with energy prices where they are. wti at more than $100 a barrel when yuriko and less than half that now. believes we one will hit 2% buy a year for now. i think even mr. kuroda really doesn't believe that even though he will never say that. if he cannot reach the 2% inflation target will he ever people to step back from stimulus? >> that is the million-dollar question. everyone else in the world is tapering and japan will never get there. we did a poll of economi

mr. kuroda will scale back his forecast is another question. think you will hold out as long as possible. back, when he does cut it you can expect them to blame china, oil, and commodities. jonathan: brian, he can blame a lot of external factors. when is the prospect for more er itg for the boj -- wheth works as a separate question -- but do you think they will pull the trigger again? brian: i think it does, and more importantly the economist we have asked also seem to. 3 of 5 said more action is in the works. half think you could come as early as october 30. the rest see it in january or after. when it comes, it will come in the form of ets. jonathan: i'm not sure they will have the space but i can talk to my guest about that. going forward, what matters to these guys at the boj is inflation expectations and what the public believes will happen with inflation. do ordinary japanese people think inflation will pick up? do they think it is picking up? brian: that is the key question because of the japanese don't believe that it won't happen. we s