Former Deputy Chief Says BOJ May Tweak Forward Guidance

The transcript discusses the Bank of Japan's (BOJ) current stance on Yield Curve Control (YCC) and potential policy changes under Governor Hueda. It explores the possibility of tweaking forward guidance, especially in light of COVID-19's reclassification. The discussion highlights inflation trends, with the BOJ aiming for a 2% target, and considers the future of YCC under Governor Weather. The transcript also compares the approaches of different governors and the challenges faced by the BOJ in managing inflation and policy continuity.

What is the inflation outlook according to the Governor, and how does it affect monetary policy?

In what ways might Governor Weather's approach differ from that of Governor Corroder?

What are the potential risks if the Bank of Japan does not achieve its inflation target?