The transcript discusses the yen's trade position, noting its relative weakness against major currencies and its limited impact on inflation. It also covers the appointments of new Fed governors in Japan, focusing on their potential influence on monetary policy. The Bank of Japan's (BOJ) strategy is examined, highlighting continuity in their approach to inflation targets and JGB purchases, with no immediate changes expected.

What are the expectations regarding changes in the official language of the JGB target?

What challenges are faced in achieving the 2% inflation target?