Oxford Economics' Nagai Says BOJ Won't Change Policy

The video discusses the Bank of Japan's (BOJ) monetary policy, focusing on its current framework and inflation targets. Despite potential downgrades in inflation projections, the BOJ is unlikely to change its policy. The video explores factors driving inflation, such as GDP growth and wage trends, particularly in small and medium companies. It also examines the impact of wage increases on the labor market and the challenges in achieving the BOJ's 2% inflation target. The effectiveness of current monetary policies in raising inflation is questioned.

What is the likelihood of the DOJ changing its monetary policy framework in the near future?

• Very likely

• Somewhat likely

• Unlikely

• Certain

Which sector is seeing better wage growth according to Governor Curtis?

• Non-profit organizations

• Government sector

• Small and medium companies

• Large corporations

What is the trend in average monthly cash earnings?

• Plateauing

• Decreasing

• Increasing rapidly

• Fluctuating

What is the expected impact of BOJ's current monetary policy on achieving a 2% inflation target?

• It will have no impact

• It will definitely achieve the target

• It is unlikely to achieve the target

• It will exceed the target

What is the main reason for skepticism about reaching the 2% inflation target?

• Lack of government support

• High unemployment rates

• Current framework limitations

• Global economic conditions