JPMorgan's Auld Says BOJ to Continue Expansionary Policy

The video discusses the Bank of Japan's (BOJ) current monetary policy, focusing on ETF purchases and the lack of major changes in purchase patterns. It highlights the BOJ's economic outlook, with upgraded growth forecasts and downgraded inflation forecasts, and notes the delay in achieving target inflation. The BOJ's commitment to an accommodative policy is emphasized, with no exit strategy in sight. The video also covers the BOJ's yield curve control program and the potential impact of rising global yields on this policy.

What is the current stance of the Bank of Japan regarding ETF purchases?

• They are planning to reduce purchases soon.

• They have stopped purchasing ETFs.

• There have been no major changes in purchase patterns.

• They have significantly increased purchases.

What was a surprising element in the BOJ's recent statement?

• Growth forecasts were downgraded.

• The return to target inflation has been delayed by a year.

• Inflation targets were achieved earlier than expected.

• The BOJ announced an exit policy.

What is the BOJ's current approach to monetary policy?

• They are maintaining an accommodative policy.

• They are tightening monetary policy.

• They are focusing on fiscal policy.

• They are reducing interest rates.

What is the BOJ's threshold for intervening in the 10-year yield?

• 0.20%

• 0.11%

• 0.05%

• 0.15%

What is the forecast for 10-year Treasurys by the end of the year according to JP Morgan?

• 2.50%

• 3.00%

• 2.65%

• 2.00%