Sony Financial Says BOJ Won't Reach 2% Target by 2019

The video discusses Japan's struggle to achieve a 2% inflation rate, highlighting the unrealistic nature of this goal due to its correlation with wage rate hikes. The central bank's credibility is questioned as timelines have been extended multiple times. The dominance of the central bank in the market poses risks, as achieving the inflation target could lead to market disappearance, affecting the ability to buy government bonds.

Discuss the implications of the yield curve control policy mentioned in the text.

What potential risks are associated with achieving 2% inflation in Japan as described in the text?