Keio University's Shirai on BOJ Policy Conundrum

The transcript discusses the Bank of Japan's (BOJ) potential policy changes, focusing on the 10-year yield and interest rates. It examines Japan's inflation, driven by cost-push factors like food and tourism, and the weak domestic demand. The impact of yen depreciation on local consumption and trade balance is highlighted, noting its negative effects on the Japanese economy. The BOJ's strategy to manage interest rates and its global implications are also explored, emphasizing the challenges in achieving stable inflation.

What is the relationship between wage growth and the Bank of Japan's monetary policy?

How does the Bank of Japan's approach to inflation differ from that of the United States?

In what ways is the Japanese economy currently facing a dilemma regarding interest rates?