Japan Business Spending Fuels Faster GDP Growth

The video discusses Japan's GDP trends, highlighting a contraction followed by recovery. It examines the current account and trade balance, noting a deficit due to high oil prices. Concerns about trade wars and a strong yen affecting exports are mentioned. The Bank of Japan's (BOJ) monetary policy is analyzed, with insights from ex-official Takashi Kosu. The BOJ's cautious approach to yield curve control and future policy steps are explored, emphasizing the need for clear communication.

What was the year-over-year growth rate for Japan's GDP as mentioned in the video?

• 0.7%

• 1.5%

• 2.5%

• 3%

What was the main reason for the trade deficit in the July current account?

• Decrease in exports

• Increase in imports

• Stronger yen

• Higher oil prices

Which factor is NOT mentioned as a concern for Japan's exports?

• Global recession

• Higher oil prices

• Stronger yen

• Trade war

What is the potential change in yield curve control discussed for the BOJ?

• Introducing new monetary policies

• Reducing interest rates

• Widening the band for yield curve control

• Increasing bond purchases

What is the BOJ's target that is proving elusive according to the video?

• 3% GDP growth

• 4% unemployment

• 2% inflation

• 1% interest rate