Former BOJ Official Hayakawa on Japan's Monetary Policy

The transcript discusses potential policy changes in Japan, focusing on monetary policy, forward guidance, and the impact of wage negotiations. It explores the role of communication in market influence and speculates on possible surprises in the market. The legacy of Kuroda and its effect on economic sentiment is also examined, highlighting the challenges and contributions of his tenure.

What concerns are raised about the sustainability of inflation in relation to wage growth?

What are the potential risks associated with prolonged easy policy settings as discussed in the text?

How does the speaker evaluate Kuroda's legacy in terms of public sentiment and economic changes?