Don’t See Possibility of BOJ Reaching 2% Inflation Target, Say Professor Shirai

The video discusses Japan's struggle to achieve a 2% inflation target due to structural issues like weak demand and an aging population. It examines the Bank of Japan's limited policy options and the mixed results of Abenomics, highlighting economic growth and employment challenges. The video also addresses Japan's pension system, emphasizing the need for reform due to demographic changes and the inadequacy of the current pay-as-you-go system.

What is one of the main reasons for Japan's difficulty in achieving a 2% inflation target?

• High consumer spending

• Strong demand

• Structural issues and weak demand

• Excessive monetary policy

How does the ruling party view the impact of Abenomics?

• As a complete failure

• As a cause of high unemployment

• As a driver of moderate economic growth and high tax revenue

• As irrelevant to economic growth

What is a major criticism of Abenomics according to the opposition party?

• It has led to excessive corporate profits

• It has increased the population

• It has resulted in low wages and part-time employment

• It has not addressed the shortage of labor

What is a significant challenge for Japan's national pension system?

• Decreasing corporate taxes

• Growing number of elderly and pensioners

• Stable working-age population

• Increasing number of young workers

What is one proposed solution to reform Japan's pension system?

• Reducing corporate income tax

• Increasing taxes and contributions

• Decreasing the retirement age

• Eliminating the pension system