BOJ Deputy Governor Wakatabe: 2% Inflation Target Isn't Yet Achieved

The video discusses the continuity in Japan's monetary policy, emphasizing the current inflation target and the role of the DOJ. It highlights the debate on whether inflation targets should be adjusted, considering the economic impact and challenges faced by central banks. The focus remains on maintaining the traditional approach to inflation targeting, despite academic discussions suggesting potential changes.

What is the main reason Japan's monetary policy is focused on continuity?

• To increase inflation rates

• To change the inflation target

• To support the economy

• To decrease interest rates

What is a key argument against raising the 2% inflation target?

• It would increase economic inequality

• It would align with Australia's target

• It would make central banks' jobs easier

• It would reduce the need for rate hikes

Who is one of the economists mentioned in the debate about changing the inflation target?

• Ben Bernanke

• Janet Yellen

• Paul Krugman

• Mohammed Al Arian

What is the traditional approach to inflation targeting that central banks are focused on?

• Reducing inflation to minimize inequality

• Increasing inflation to 5%

• Eliminating inflation entirely

• Allowing inflation to fluctuate freely

Since when has the textbook central bank approach to inflation targeting been in place?

• Since the 2000s

• Since the 1970s

• Since the early 1990s

• Since the 1980s