BOJ Is 'Very Powerless' Right Now, Japan Macro's Okubo Says

The video discusses the Bank of Japan's current monetary policy, highlighting its challenges in raising inflation through monetary means and the reliance on fiscal policy to maintain economic health. It addresses trade risks, particularly from potential tariffs by President Trump, and their impact on Japan's economy. The video also covers recent industrial production figures, indicating positive growth despite labor shortages, and discusses the long-term path towards achieving inflation targets and the role of yield curve control.

What is the Bank of Japan currently relying on to maintain economic stability?

• Monetary policy

• Interest rate hikes

• Trade agreements

• Fiscal policy

What recent economic data exceeded expectations in Japan?

• Inflation rate

• Consumer spending

• Industrial production

• Unemployment rate

What is a significant challenge facing the Japanese economy according to the transcript?

• Deflation

• High interest rates

• Labor shortage

• Labor surplus

What is the Bank of Japan's target inflation rate?

• 1%

• 2%

• 4%

• 3%

What is the Bank of Japan's stance on yield curve control?

• They will maintain it until inflation reaches 2%

• They are increasing its intensity

• They plan to abandon it soon

• They have already abandoned it