Nomura's Kiuchi on BOJ Policy

The transcript discusses the Bank of Japan's (BOJ) stance on inflation and monetary policy, emphasizing Governor Karoda's decision to maintain current policies despite rising inflation rates driven by temporary factors like oil prices. It highlights concerns over yen depreciation, which affects the cost of living and public opinion. The BOJ's response to rising global yields is also examined, with a focus on avoiding further yen depreciation. Lastly, the impact of oil price hikes on Japan's GDP and economic fragility is explored.

What are the criticisms regarding the Bank of Japan's policies mentioned in the text?

In what ways could the increase in oil prices impact Japan's GDP?