Ex-BOJ Policy Board Member Sees Possible Steps Towards Normalization

The transcript discusses Mr. Carota's actions and their dual nature as both a step towards tightening and a means to continue easing policies. It highlights the DOJ's implicit strategy, market conditions, and potential for normalization. The impact of volatility on financial institutions is analyzed, with a historical context provided on past policy shifts. The possibility of future changes in the DOJ's framework before a tax hike is also considered.

In what ways did the BOJ's actions in September 2016 differ from their current statements?

What are the possible changes to the range target mentioned in the discussion?