Schoenholtz: BOJ Most Aggressive on Monetary Policy

The video discusses Japan's economic strategy, Abenomics, focusing on the Bank of Japan's aggressive monetary policies aimed at combating deflation and achieving 2% inflation. Despite these efforts, challenges remain due to fiscal tightening and high national debt. The video also explores potential future strategies, including supply side reforms and immigration policy changes, to stimulate economic growth.

What role does fiscal policy play in the effectiveness of the Bank of Japan's monetary policy?

What potential reforms could the Japanese government implement to stimulate economic growth?