Nomura's Best Forecaster Sees Yen at 120

The video discusses the recent fall of the US dollar due to concerns expressed in the latest Fed minutes about its strength affecting the economic outlook. It highlights Nomura's forecast of a 10% drop in the Japanese yen, driven by Japan's trade deficit and unattractive yields. Additionally, it covers the Bank of Japan's commitment to its current monetary policy until inflation targets are met, despite calls for an exit strategy.

What did the governor of the BOJ emphasize regarding their monetary policy?

What is the significance of the inflation targets mentioned in the text?