Oxford Economics' Nagai Says BOJ Won't Change Policy

The video discusses the Bank of Japan's (BOJ) monetary policy, focusing on its current framework and inflation targets. Despite potential downgrades in inflation projections, the BOJ is unlikely to change its policy. The video explores factors driving inflation, such as GDP growth and wage trends, particularly in small and medium companies. It also examines the impact of wage increases on the labor market and the challenges in achieving the BOJ's 2% inflation target. The effectiveness of current monetary policies in raising inflation is questioned.

What comments did Governor Curtis make regarding wages?

What is the speaker's perspective on achieving the 2% inflation target in the short and medium term?