Professor Wakatabe on BOJ Policy, Inflation, Economy

The transcript discusses the Bank of Japan's (BOJ) monetary policy, focusing on the need for additional stimulus to boost inflation before a sales tax hike in 2019. It highlights the differences between BOJ's approach and other central banks like the Fed and BOE, noting Japan's unique economic challenges. The discussion includes the impact of consumption tax on inflation, dissent within BOJ's board, and the global trend of central bank tightening. The transcript also covers Japan's employment figures, the concept of yield curve control, and the potential impact on the yen.

What is the significance of the dissenting opinions within the Bank of Japan's board?

In what ways does the text suggest that Japan's situation is different from other global central banks?

What role does the employment rate play in the discussion about inflation in Japan?