Japanese markets continue to soar ahead of BoJ meeting

Japanese markets have jumped almost 5% in the first three weeks of the year - almost unheard of for the region - in anticipation of a reversal of the decade and half long slump into deflation.

The Nikkei 225 has soared 4.98% higher to 10,913 points, while the Topix has had its longest weekly winning streak since 1986, rising 1.4%. Meanwhile, the yen fell below 90 to the dollar for the first time in two and a half years. The Bank of Japan is believed to be announcing a 2% inflation target at the meeting on 21 January following the election of second time Prime Minister Shinzo Abe in December. He has voiced his desire to push the Bank of Japan into a more aggressive stance in a bid to boost the flagging economy, currently in recession, and remove deflation which has dogged th...