Japan Macro Advisors' Okubo on Japan Inflation

Japan Macro Advisors' Okubo on Japan Inflation

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Business

University

Hard

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The transcript discusses the economic expansion in Japan, focusing on inflation expectations and the labor market's flexibility. It highlights the Bank of Japan's (BOJ) prediction of reaching 2% inflation by 2019, despite market skepticism. The conversation explores the labor market's structural changes, including increased participation of women and the elderly. It also credits Prime Minister Abe and BOJ Governor Kuroda for their roles in Japan's economic achievements over the past five years.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Bank of Japan's prediction for reaching 2% inflation?

By 2021

By 2018

By 2020

By 2019

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is the concept of full employment considered lower now compared to the 1990s?

Because of higher unemployment rates

Because of decreased labor force participation

Due to increased automation

Due to more labor market flexibility

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which demographic groups have contributed to Japan's labor market flexibility?

Students and freelancers

Immigrants and part-time workers

Female labor force and elderly population

Young professionals and expatriates

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is credited with Japan's economic achievements over the past five years?

The Ministry of Finance

Prime Minister Abe and Kuroda

The Japanese Parliament

The Bank of Japan

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What might companies need to do to attract more workers as labor market conditions tighten?

Provide free training programs

Reduce working hours

Increase wages

Offer more vacation days