Japan Macro Advisors' Okubo Says Abe Made Right Choice

The transcript discusses the decision to call snap elections in Japan, highlighting the Prime Minister's increasing popularity due to his handling of tensions with North Korea. It explores the potential impact of these elections on fiscal policies, including a consumption tax hike, and the ongoing mild deflationary pressures in Japan. The conversation also touches on the lack of inflation despite positive economic indicators and the rise in wages for part-time workers. Finally, it examines the role of monetary policy and the challenges of implementing structural reforms in Japan.

What factors contributed to the Prime Minister's decision to call snap elections?

How has the situation with North Korea influenced the Prime Minister's popularity?

What are the implications of the fiscal policies being discussed by the Prime Minister?

What is the current economic situation in Japan regarding inflation and wages?

Discuss the challenges faced by Japanese politicians in implementing structural reforms.