If it decides to scrap the policy, I think investors will see that as a signal to buy stocks. But if the BOJ decides to postpone ending the policy until its next meeting in April ... there will be disappointment.

Investors want to see the forecasts for the current fiscal year. They want to see what kind of earnings growth companies are expecting.

The market looks strong today. Individual investors seem to be doing a lot of trading during their holidays.

Up until now foreign investors, rather than domestic players, were driving the market higher. Without that power, things might be kind of tough for the market.

Markets across Asia appear to be watching what will happen with the Bank of Japan.