Japan Ahead: Monex Group Executive Director Jesper Koll

The video discusses Japan's unique economic situation, highlighting the lack of demand-pull inflation despite rising cost pressures. It contrasts Japan's economic conditions with those of the US and explains the policy independence of global central banks, particularly the Bank of Japan's stance under Governor Kuroda. The video also analyzes the yen's depreciation due to interest rate differentials and trade imbalances, and emphasizes the importance of domestic tourism in closing Japan's deflation gap.

What does Governor Kuroda identify as necessary for Japan to achieve demand pull inflation?

What is the significance of the 15 trillion yen gap mentioned in the context of consumer spending and domestic tourism?