Japan's Inflation to Decelerate Further, Moody's Analytics Says

The video discusses recent economic trends, including declines in fresh food and Brent prices, and the impact of oil prices on the economy, particularly transport costs. It forecasts inflation trends, noting that many economists do not expect Japan's inflation to reach the Bank of Japan's (BOJ) 2% target. The discussion also covers the BOJ's monetary policy, its challenges, and the potential need for structural changes in the economy.

What do economists surveyed by Bloomberg predict about inflation reaching the BOJ's target?

Why might the Bank of Japan find it difficult to abandon its inflation target?