Yen, Monetary Policy, and the Limits of Central Banks

The transcript discusses the challenges faced by the Bank of Japan (BOJ) in stimulating the economy amidst an aging population and high debt. It explores the limits of monetary policy, comparing the BOJ's strategies with those of the European Central Bank (ECB) and the US Federal Reserve. The conversation highlights the differences in economic recovery between the US and Japan, emphasizing the role of central banks and the impact of messaging on markets. The discussion also touches on global economic disparities, focusing on issues of inequality and the effectiveness of central bank interventions.

What lessons can European central banks learn from Japan's economic situation?

What role does public perception play in the effectiveness of monetary policy?

How do structural reforms impact the effectiveness of monetary policy in different countries?