BOJ's Ueda Drops 'Shock and Awe' on Path Toward Policy Normalization

The video discusses the market's reaction to a central bank governor's comments, which were misinterpreted by traders. It highlights the governor's achievements, such as removing certain policy guidance and widening yield targets. The governor's communication style is compared to his predecessor, emphasizing his willingness to engage in dialogue. The video also touches on the risks of discussing FX volatility and the potential for misinterpretation, known as the Ben Bernanke problem.

In what ways has the new governor changed the guidance on monetary policy?

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What is referred to as the 'Ben Bernanke problem' in the context of central banking communication?

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