BOJ Maintains JGB Yield Target

The video discusses the Bank of Japan's (BOJ) decision to maintain the JGB yield target at zero percent, marking the first anniversary of the Yield Curve Control program. It highlights the changes in the BOJ board, with new members expected to align with Governor Kuroda's policies. However, Kataoka dissents, arguing that the current yield curve effect is insufficient to achieve the 2% growth goal. The video also introduces a new voice in the BOJ, raising concerns about the feasibility of the CPI target. The discussion concludes with a debate on whether maintaining the 2% CPI target is sensible.

How does the new board member's perspective differ from previous members?

What are the implications of maintaining the 2% target if CPI cannot meet it?