My spidey sense and the harsh economic realities of Japan are combining to suggest there is an outside chance of a go rogue strategy in the MOF/BOJ for Another targeted three arrows plan for the Japanese economy. Something like an energy plan where government hands the private sector a large oil cost subsidy and invests in structural sustainable energy products while not stepping off the gas in monetary policy. Here is the trade.
Go Long OTM options on further yen depreciation struck at 120.
go long nikkei calls struck at 26500
both 3 months and both 1/4 max risk.