UBP's McFarland Sees No Real Inflation in Japan

The video discusses the Bank of Japan's (BOJ) decision to maintain its JGB yield target at zero percent and its balance rate at negative 0.1%. Despite one dissenting vote, the policy remains unchanged due to low inflation in Japan. The video compares BOJ's voting dynamics with other central banks like the Bank of England. It highlights the potential impact of global monetary policy shifts, particularly if the US and European yield curves rise, which could pressure the BOJ to reconsider its stance.

What factors could lead the BOJ to change its current policy?

How might the actions of the ECB affect the BOJ's monetary policy decisions?