BOJ Deputy Governor Wakatabe: 2% Inflation Target Isn't Yet Achieved

The video discusses the continuity in Japan's monetary policy, emphasizing the current inflation target and the role of the DOJ. It highlights the debate on whether inflation targets should be adjusted, considering the economic impact and challenges faced by central banks. The focus remains on maintaining the traditional approach to inflation targeting, despite academic discussions suggesting potential changes.

Discuss the implications of changing the inflation target on monetary policy.

What are the potential long-term effects of the current central bank approach to inflation targeting?