Next BOJ Governor's Challenge

The video discusses the challenges facing the next Bank of Japan (BJ) chief, focusing on whether to maintain extraordinary monetary stimulus or begin policy normalization. It highlights the impact of Haruhiko Corolla's policies and the need for careful economic support to avoid market turmoil. The transition from deflation to inflation is noted, with the BOJ owning a significant portion of Japan's government bonds. The video predicts changes in yield curve control and inflation, with potential adjustments by the new governor. The Prime Minister's push for a review of the BJ's inflation commitment is also discussed.

What is the primary challenge for the next Bank of Japan chief as discussed in the video?

• Reducing the inflation rate to 1%

• Increasing the interest rates significantly

• Maintaining the current monetary stimulus or starting policy normalization

• Expanding the government bond market

What economic transition is Japan currently experiencing according to the video?

• From inflation to deflation

• From deflation to inflation

• From economic growth to recession

• From high unemployment to full employment

What is expected to happen to the yield curve control in Japan?

• It will remain unchanged

• It will be strengthened

• It will be completely removed

• It will be dismantled in the second quarter

What might the new BOJ governor consider changing regarding the 10-year Japanese government bond yields?

• Widening the bands

• Narrowing the bands

• Keeping the bands constant

• Eliminating the bands

What is the Prime Minister pushing for in relation to the BOJ's policies?

• A review of the BOJ's commitment to achieving 2% inflation

• An increase in the inflation target to 3%

• A decrease in government bond purchases

• A focus on reducing unemployment