Domestic economy has entered into a delicate state

Q1 GDP appears strong but driven by fall in imports, inventories

Hard to say that economy is recovering

Japan's fiscal stimulus is improving under QQE

MMT is questionable as unlimited debt issuance would cause unwelcome inflation

Central bank could extend forward guidance if it needed to ease more

BOJ could strengthen forward guidance by committing to keep ultra-easing policy for longer than expected

Cutting rates, increasing asset purchases or pace of money printing also among steps if BOJ were to ease more