Ueda Likely to Keep BOJ Policy Accommodative: Fmr. Assistant Governor

The transcript discusses Mr. Ueda's approach to monetary policy as he becomes the governor, comparing it with Mr. Kuroda's style. It highlights the challenges of maintaining accommodative monetary policy and the complexities of yield curve control. The discussion also covers the political and economic implications of potential policy changes, emphasizing the need for effective communication to manage expectations and avoid market disruptions.

What is a key characteristic of Mr. Ueda's approach to monetary policy?

• He focuses on short-term gains.

• He bases decisions on data and evidence.

• He follows traditional methods without change.

• He relies on intuition and experience.

What is one of the main challenges associated with yield curve control?

• It allows for easy prediction of long-term interest rates.

• It complicates communication about future interest rates.

• It simplifies communication with the public.

• It ensures stable economic growth.

What might Mr. Ueda consider doing with yield curve control?

• Abandoning it under certain conditions.

• Ignoring it completely.

• Expanding it to cover more financial instruments.

• Strengthening it to ensure stability.

Why is communication crucial when considering changes to yield curve control?

• To ensure the public understands it as a tightening policy.

• To prevent misunderstandings about the policy's intent.

• To avoid any changes in the financial markets.

• To ensure immediate economic growth.

What is a concern among some political groups regarding changes in yield curve control?

• They think it will lead to deflation.

• They fear it will lead to higher taxes.

• They worry it will cause bond yields to rise.

• They believe it will decrease government spending.