Capital Economics Says BOJ's Goal Is Get Inflation Higher

The transcript discusses the debate over maintaining a 2% inflation target, particularly in Japan, where the Bank of Japan (BoJ) has been vocal about this target. It explores the idea of price level targeting and the challenges Japan faces in achieving its inflation goals. The discussion also touches on potential policy shifts and the global review of inflation targets, with insights from various central bank officials.

What are the potential implications of departing from the 2% inflation target?

What factors might influence the Bank of Japan's decision to adjust its monetary policy?