What Are the Next Steps for the Bank of Japan?

The transcript discusses the Bank of Japan's (BOJ) recent monetary policy decisions, particularly the introduction of a negative interest rate policy. It explores the expected impacts of this policy on interest rates, the yield curve, and economic behavior. The discussion also highlights the importance of fiscal policy and structural reforms in Japan's economic strategy. Additionally, the BOJ's significant purchase of ETFs and its implications for the market are examined, along with potential future actions if current measures prove insufficient.

Why is it important for both monetary and fiscal policies to work together in Japan's economic strategy?

What are the potential future actions the BOJ might take if the current policies do not yield results?