BOJ likely to upgrade economic view next week

Yen weakening daily so of course they upgrade their view.

Election looming.

The BOJ is thus likely to reiterate that risks to the economic and price outlook were skewed to the downside, and warrant close attention, the sources said.

Seems true and that's the reason article lacks any useful numerical data.

the yen has weakened roughly 12% against the dollar, and Tokyo’s Nikkei stock average has gained more than 10%.

Who would have thunk it. Japanese currency down 12%, Nikkei up 10%. As you were.

The recent stock market rally, triggered by hopes over Trump’s policies, may lift sentiment, analysts say.

I want political change in Japan. The BOJ has tried more than enough for it's part (and thankfully the negative side effects of it's policies have not led to major turmoil - yet).

If Abe would just demonstrate some true economic leadership and acknowledge the impact that pro-growth government policies can have on an economy in light of the US election result, he could be a hero and be the trigger that starts to finally breath some lasting life back into this country's economy. Some big decisions to be made, but make them, execute, then retire from politics a man of great success. (Alas I fear this is not his personal vision.)

People have short memories. yen, weakened from when? In Dec 15, yen was around 120.