BOJ Has Mastered its Messaging, Says Natwest's Lin

The video discusses recent policy adjustments by Corona, focusing on the Blue Jays' strategy to manage market expectations through forward guidance. It examines market reactions, particularly in bond yields, and highlights the challenges in interpreting these policy changes. The impact on Japanese commercial banks is also explored, noting the reduction in negative rates and its implications.

What was the primary reason for introducing forward guidance according to the first section?

• To offset expectations of Bluejay tightening

• To decrease bond yields

• To confuse the market

• To increase market chaos

How did the market initially react to the forward guidance introduced by Corona?

• By immediately tightening policies

• With complete understanding

• With surprise and confusion

• By ignoring it

What potential change in Japanese bond yields is discussed in the second section?

• A decrease in JGB yields

• A shift to negative JGB yields

• An increase in JGB yields

• Stability in JGB yields

What was one of the notable policy changes mentioned in the final section?

• Complete removal of negative rates

• Reduction in policy rate balance

• Increase in policy rate balance

• Introduction of new taxes

How did the market interpret the overall statement despite the policy changes?

• As neutral

• As dovish

• As aggressive

• As hawkish