All eyes are on the Bank of Japan with expectations mounting that it will follow the lead of the US Federal Reserve and introduce new monetary policy initiatives. In this video, Yvette Roper of TradingFloor.com interviews Andrew Robinson, Market Analyst for Saxo Capital Markets in Singapore about BOJ deliberations and the impact on the yen.

Andrew believes that the time is right for the BOJ to implement its next phase of quantitative easing, though the market remains evenly divided as to whether this will come now. He believes that measures could either concern one or both of the following: removing the 0.1 percent limit for buying Japanese government bonds, thereby allowing longer term yields to drop, or an increase in the absolute total of the BOJ's asset purchase programme.

The Japanese yen has weakened on this expectation plus the Federal Reserve’s recent easing measure, plus the ramifications of a political dispute between Japan and China over some islands.

In this video, Andrew also looks briefly at China and the development of property prices there. August data saw a decline versus July in the number of cities reporting an increase in property prices. With housing affecting 40 other business sectors of the Chinese economy some relaxation in housing requirements could be on the cards which would give the economy a quick boost, says Andrew.

Of focus the next few days in China will be HSBC PMI data on Thursday with a lower number likely to be seen from 47.6 last month. The market will accept a lower number however it will be surprised if the number reverts back to the mean 50 level.

See more of Andrew's Asian market commentary on TradingFloor.com