Turnill: BOJ Pressured on Zero-Interest Rate Target

The video discusses Japan's economic outlook, focusing on the Bank of Japan's (BOJ) policies amid signs of reflation. It highlights the BOJ's zero interest rate policy and its impact on inflation and growth. The BOJ's strategy of asset purchasing is analyzed, noting the potential future ownership of the JGB market. The discussion also covers the sustainability of the BOJ's yield target and the influence of yen movements on policy decisions. The BOJ's response to global yield changes and its implications for Japan's economy are explored.

What is the significance of reflationary effects in the context of the Bank of Japan's policies?

In what ways has the decision to implement a zero yield target impacted Japan's economy?