JPMorgan's Auld Says BOJ to Continue Expansionary Policy

The video discusses the Bank of Japan's (BOJ) current monetary policy, focusing on ETF purchases and the lack of major changes in purchase patterns. It highlights the BOJ's economic outlook, with upgraded growth forecasts and downgraded inflation forecasts, and notes the delay in achieving target inflation. The BOJ's commitment to an accommodative policy is emphasized, with no exit strategy in sight. The video also covers the BOJ's yield curve control program and the potential impact of rising global yields on this policy.

Discuss the expectations regarding global yields and their potential impact on the Bank of Japan's policies.

What are the potential challenges the Bank of Japan might face if global yields continue to rise?