Monetary Policy in Japan Is Not Effective, Says Former BOJ Policy Board Member

The video discusses Japan's economic challenges, focusing on the impact of interest rate policies since 1999, the sensitivity of Japan's economy to global conditions, and the need for structural reforms. It highlights the limitations of monetary policy in addressing Japan's declining economic potential and emphasizes the importance of reducing government debt and reforming the labor market to stimulate growth.

What are the potential impacts of Japan's interest rate policy on its economy?

How has Japan's economic policy influenced its domestic demand?

In what ways has the Japanese economy's productivity growth rate changed over the years?

What structural reforms are suggested to restore Japan's economic potential?

What are the challenges faced by Japan in terms of government debt and budget deficit?