BOJ Recognizes No Effective Measures Left to Stimulate Economy, Says Nomura’s Kiuchi

The transcript discusses the Bank of Japan's (BOJ) economic policies, including their GDP forecast and the introduction of new monetary tools like ETF-oriented lending facilities. It highlights the BOJ's cautious approach to easing measures due to potential side effects and the impact on financial markets. The transcript also covers key questions for the BOJ's Governor at a press conference, focusing on inflation targets and the possibility of policy normalization.

What is the BOJ's stance on its stimulus measures as of spring 2020?

• They plan to increase the stimulus measures.

• They intend to maintain the current stimulus measures.

• They are planning to reduce the stimulus measures.

• They have decided to end the stimulus measures.

Why is the BOJ cautious about taking decisive easing measures?

• To maintain a strong currency.

• To avoid a rapid economic growth.

• Because of potential side effects like banking problems.

• Due to the risk of increasing inflation.

What potential side effect is associated with the expansion of the BOJ's balance sheet?

• Strengthening of the currency.

• Deterioration of the balance sheet.

• Improved economic growth.

• Increased inflation.

What is the BOJ's current position on inflation targets?

• They have achieved their inflation target.

• They are giving up on achieving the 2% target.

• They have lowered their inflation target.

• They are confident in reaching the target soon.

When might the BOJ consider revisiting normalization policies?

• They have no plans to revisit normalization.

• Immediately, due to current economic conditions.

• Once economic stability is achieved.

• In the next few months.