BOJ's Under Pressure to Find New Ways of Easing

The transcript discusses the Bank of Japan's (BOJ) recent monetary policy actions, including negative interest rates and stimulus measures. It highlights the challenges faced by central banks, particularly the BOJ, in reaching consensus on policy decisions. The discussion shifts to the limited tools available to the BOJ and the potential shift from monetary to fiscal policy. The narrative explores the implications of fiscal expansion and the role of the BOJ in supporting fiscal strategies to stimulate growth in Japan.

Discuss the potential impact of fiscal policy on economic growth in Japan.

What role does the Bank of Japan play in funding fiscal initiatives, according to the discussion?