Columbia Professor Ito Says Conditions Warrant No Further BOJ Easing

The transcript discusses the unexpected yen appreciation despite expectations of US interest rate hikes leading to yen depreciation. It examines the leadership dynamics within the Bank of Japan (BOJ) and potential policy shifts due to new appointments. The economic conditions in Japan, including labor shortages and inflation targets, are analyzed. The transcript also highlights the challenges of structural reform and the impact of global economic conditions on Japan's economy.

What challenges does the Bank of Japan face in achieving its inflation target?

How do external global conditions affect Japan's inflation rate?

What concerns are raised about the Bank of Japan's current monetary policy?