Bank of Singapore Says BOJ Is Done and Is Waiting

The video discusses the Bank of Japan's (BOJ) policy stance following a recent election victory. It highlights the challenges the BOJ faces in implementing policy changes due to market expectations and economic conditions. The BOJ is waiting for inflation to rise, but forecasts remain implausible. Despite this, the BOJ maintains confidence in its long-term inflation targets.

In what ways does Richard Jerram suggest the BOJ's credibility is at stake?

What is the significance of the 2% inflation target mentioned in the discussion?