The market has been positioning itself to win under Abenomics and its reflation policy by shorting the yen.

FORBES: Currency Traders Await Central Bank Clues

Reflation of the economy through monetary policy is needed, and that will mean higher interest rates, which will create opportunities for traders.

FORBES: Japan: Land of the Rising Sum

His advisers said the bank needs to pump more money into the economy to raise inflation expectations, a policy known as "reflation" and shared by Haruhiko Kuroda, the incoming governor chosen by Mr. Abe.

WSJ: Departing BOJ Governor Shares Doubts on New Policy