Mishkin: BOJ Is Acting in the Right Direction

The transcript discusses the potential coordination between the Federal Reserve and the Bank of Japan (BOJ) in monetary policy decisions. It highlights the challenges faced by the BOJ, including the impact of past policies and the need for economic reforms. The discussion also covers the principles of Abenomics and the demographic and competitive issues in Japan's economy. The transcript concludes with a look at the future of Japanese monetary policy and the need for government actions to restore economic confidence.

What are the reasons behind the perceived ineffectiveness of the Bank of Japan's expansionary policies?

In what ways can the Japanese government restore confidence in its economy according to the discussed policies?