Westpac's Callow Calls Yen 'Reasonably Weak'

The transcript discusses the yen's trade position, noting its relative weakness against major currencies and its limited impact on inflation. It also covers the appointments of new Fed governors in Japan, focusing on their potential influence on monetary policy. The Bank of Japan's (BOJ) strategy is examined, highlighting continuity in their approach to inflation targets and JGB purchases, with no immediate changes expected.

What is the main reason the Finance Minister is not worried about the yen's strength?

• The yen is causing high inflation.

• The yen is strong against the dollar.

• The yen is weak in trade-weighted terms.

• The yen is strong against the euro.

Who is considered a 'reflationist' among the new deputy governors in Japan?

• Masayoshi Amamiya

• Masazumi Wakatobi

• Shinzo Abe

• Haruhiko Kuroda

What is expected to remain unchanged in the BOJ's short-term policy?

• The inflation target

• The interest rates

• The currency exchange rate

• The JGB target

What is the BOJ's target inflation rate?

• 2%

• 1%

• 3%

• 4%

How has the BOJ's involvement in the market changed recently?

• They have doubled their JGB purchases.

• They have increased their JGB purchases.

• They have stopped buying JGBs.

• They have decreased their JGB purchases.