Former BOJ Board Member Kiuchi on Kuroda's Last BOJ Decision

Former BOJ Board Member Kiuchi on Kuroda's Last BOJ Decision

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses the Bank of Japan's recent decision on long-term yield, the potential changes in interest rates and the yen's value, and the debate over the policy accord targeting 2% inflation. It also covers the influence of political groups on fiscal policy and the implications of wage negotiations on Japan's economy.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the surprising decision made by the Bank of Japan in December last year?

Increasing the yen's value

Reducing government bond purchases

Raising long-term yields

Lowering short-term interest rates

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Mr. Witter expected to do regarding the BOJ's policy framework?

Maintain the current policy

Expand the fluctuation range

Reduce interest rates further

Increase government bond purchases

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential change Mr. Witter might implement regarding the 2% inflation target?

Increase the target to 3%

Abolish the target completely

Make it a short-term target

Make it a long-term target

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the stance of the Abe group regarding fiscal policy?

Supportive of fiscal discipline

Opposed to expansionary fiscal policy

Supportive of expansionary fiscal policy

Neutral on fiscal policy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the potential impact of the Abe group's influence on policy changes?

No impact on policy changes

Accelerated policy changes

Delayed policy changes

Immediate policy changes

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected outcome of the wage negotiations in Japan?

Increase in real wages

No impact on monetary policy

Decrease in inflation rate

Significant impact on monetary policy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might companies in Japan be hesitant to increase wages above the inflation rate?

Due to social rules preventing wage cuts

Because they can easily reduce wages later

Because of government restrictions

Due to high inflation expectations