Bank of Japan Maintains Policy Rate

The transcript discusses the Bank of Japan's (BOJ) monetary policy, focusing on maintaining the 10-year bond yield target and the challenges posed by global bond market trends. It highlights the BOJ's efforts to control inflation and the dissenting views within the BOJ. The performance of Governor Kuroda is evaluated, noting his reduced appearances before Parliament and his success in maintaining the inflation target. The discussion also touches on the potential challenges for the BOJ in 2018 due to global economic conditions.

What was the main focus of the BOJ's recent policy decision?

• Reducing inflation to 1%

• Maintaining the 10-year bond yield target

• Increasing the interest rates

• Expanding the bond-buying program

What challenge does the BOJ face in 2018 regarding the 10-year JGB yield?

• Eliminating the yield curve control

• Reducing the yield to negative

• Keeping the yield at zero amidst global trends

• Increasing the yield to 2%

Which global markets are mentioned as having increased bond yields?

• Russia, South Africa, and Mexico

• Australia, Canada, and Japan

• US, UK, and Germany

• China, India, and Brazil

How has Governor Kuroda's frequency of testifying before Parliament changed?

• It has increased significantly

• It has remained the same

• It has decreased significantly

• It has fluctuated unpredictably

What is the BOJ's inflation target that Governor Kuroda is praised for pursuing?

• 2%

• 4%

• 3%

• 1%