Bank of Japan Holds Policy

The transcript discusses the Bank of Japan's decision not to take further action after a recent move in December. It highlights the market's expectations and reactions, particularly regarding yield curve control and bond market dynamics. Governor Kuroda's remaining tenure and the upcoming transition to a new governor are also covered. The press conference and inflation forecasts are mentioned, indicating no immediate changes in policy, leaving decisions to the next leadership.

What was the consensus forecast regarding inflation in Japan for 2023 and 2024?

What implications does the upcoming change in leadership at the Bank of Japan have on monetary policy?