I joined CNBC Asia's Amanda Drury and Sri Jegarajah via Skype earlier today as the new week was beginning in Asia. In this three minute clip, we discuss the outlook for the BOJ and sterling. Most of the rise in Japan's inflation is due to food and energy prices. Despite an aggressive balance-sheet expansion effort, the BOJ has missed its target by a long shot. It appears to have all but given up on achieving 2% core inflation (excludes fresh food). After the March CPI was released at the end of last week, the BOJ surprised the markets by tapering the amount of bonds it was buying. This does not seem like a central ... (full story)