Bank of Japan Seen Winning Bond Market Battle

The video discusses the Bank of Japan's (BOJ) yield curve control policy amidst global monetary tightening. While the Federal Reserve is aggressively raising rates, the BOJ maintains its stimulus, conducting bond purchase operations to cap the 10-year JGB yield. These actions led to a temporary drop in yields and a surge in the yen. Governor Kuroda met with Prime Minister Kishida, emphasizing that bond operations do not directly affect exchange rates. The video also touches on global economic conditions, including the Ukraine war and commodity prices, and highlights discussions between Japanese and US officials on exchange rates.

What factors did the Finance Minister mention regarding their monitoring of exchange rates?

What implications does the current economic situation have for the Bank of Japan's policies?