Nothing that should strengthen the yen here
Public Investments declining
Debt burden a problem
Concerns over emerging economies
BUT: They expect moderate recovery.
The key point here in my opinion:
“Meanwhile, risks to the outlook include developments in the emerging and commodity-exporting economies, the prospects regarding the debt problem and the momentum of economic activity and prices in Europe, and the pace of recovery in the U.S. economy. ”
I see no reason why this should make us change our buy position on the USDJPY.
Full summary of BOJ report here: https://www.boj.or.jp/en/mopo/gp_2015/gp1511a.pdf