BOJ Unlikely to Tweak Policy Yet, Former Board Member Shirai Says

The transcript discusses the Bank of Japan's (BOJ) current monetary policy, focusing on its reluctance to change the 10-year JGB yield target due to upcoming elections and market conditions. It highlights the BOJ's fixed rate operations, concerns over the side effects of Yield Curve Control (YCC), and the sustainability of its policies. The impact of BOJ's ETF purchases on the market is also analyzed. The transcript concludes with a discussion on the governor's strategy for the press conference and the challenges in achieving the 2% inflation target.

What implications does the current bond market situation have for the Bank of Japan's future policies?

How does the Bank of Japan's approach to ETF purchases reflect its broader economic strategy?

What challenges does the Bank of Japan face in achieving its inflation target?