Not a Good Time for BOJ to Modify YCC: Kiuchi

The transcript discusses the financial market's expectations regarding the Bank of Japan's (BOJ) potential tweak in Yield Curve Control (YCC) and the BOJ's readiness to add stimulus. It analyzes the timing for a possible YCC modification, considering the influence of long-term yields in Japan and the US. The impact of yen depreciation and inflation on BOJ's policy decisions is also examined, along with public criticism and economic indicators that could affect BOJ's actions.

What is the primary concern for the BOJ if they modify the YCC at the current time?

• Strengthening of the yen

• Increase in long-term yields

• Decrease in inflation rates

• Increase in short-term yields

Why is the BOJ cautious about the yen's depreciation?

• It might reduce foreign investments

• It could strengthen the US dollar

• It might increase inflation rates

• It could lead to a decrease in exports

What is the BOJ's stance on foreign exchange and financial market developments?

• They are only considered annually

• They are ignored

• They are closely monitored

• They are not a priority

What could be a catalyst for the BOJ to change its YCC policy?

• Increase in public savings

• Decrease in global oil prices

• Strengthening of the euro

• Further yen depreciation

How does the BOJ view the current public criticism regarding its policies?

• It is less intense than last year

• It is more intense than last year

• It is the same as last year

• It is not a concern at all