Kuroda Defends BOJ Response, Independence

The transcript discusses the independence of the Bank of Japan (BOJ) and its coordination with fiscal authorities, highlighting Governor Kuroda's defense of BOJ's actions. It explores central bank mandates, fiscal authority, and the implications of Modern Monetary Theory (MMT). Governor Kuroda's remarks on monetary policy tools and economic forecasts are examined, emphasizing assumptions about the pandemic's impact. The discussion concludes with insights on inflation targeting and policy reviews, referencing Janet Yellen's comments on potential changes in Federal Reserve policy.

How does the concept of 'whatever it takes' apply to the current monetary policy?

What implications does the postponement of the Tokyo Olympics have on Japan's economy?

What is the significance of average inflation targeting as discussed by Janet Yellen?