Do Markets Believe in BOJ's Inflation Target?

The video discusses the challenges faced by central banks, particularly the Bank of Japan (BOJ), in managing inflation expectations and credibility. It explores the implications of yield targeting on currency strength and inflation, highlighting the deflationary environment in Japan and its potential global impact. The discussion emphasizes the need for structural reforms to achieve long-term reflation, questioning whether other regions, like Europe, might follow Japan's path.

In what ways could the management of the 10-year yield impact inflation in Japan?

What structural reforms are necessary for reflation to occur in Japan?