Eoin Treacy's view Today's decision by the Bank of Japan to double bond purchases lends credence to the view that Japan is intent on tackling decades of deflation by deliberately pursuing an inflationary bias. The Nikkei's response was dynamic while the 2 nd Section Index of smaller caps continues to unwind Monday's sharp pullback.

Ed Merner's Atlantis Japan Growth Fund has been relatively steady throughout the recent pullback not least because its discount to NAV took the brunt of the sell-off; converging from 13% to approximately 4.9% during the same period. The fund has so far benefitted from Japan's devaluation story and should continue to do so over the medium-term. Despite the fact that spreads are quite wide for investment trusts I opened a long in the June contract paying 109.88p including spread-bet dealing costs.