BOJ on Right Track to Realize Inflation Target, Japan Macro's Okubo Says

The video discusses the Bank of Japan's recent actions, including a fixed rate auction and its yield curve control policy. It explores the sustainability of BOJ's asset purchase program and the challenges in achieving inflation targets. The discussion highlights Japan's deflation history and the slow rise in wages despite job availability. Additionally, the video addresses the potential impact of political uncertainty surrounding Prime Minister Shinzo Abe on Japan's economy and markets.

What challenges does the Bank of Japan face in changing public expectations about inflation?

How might political uncertainty affect the Japanese economy and markets?