BOJ Stands Pat, Delays Timing of Inflation Goal

The transcript discusses the Bank of Japan's (BoJ) approach to inflation and economic policy, highlighting their decision to extend the timeframe for reaching a 2% inflation target. Despite no new policy changes, the BoJ acknowledges external risks like oil prices and Brexit. The BoJ aims to close the credibility gap with the market, maintaining stimulus measures while monitoring global economic factors. The transcript also touches on China's improved economic indicators, noting the influence of commodity prices on PMI growth.

In what ways is the BOJ expected to respond to external economic pressures?

What does the recent PMI data from China indicate about the economic situation?