Japan Macro Advisors' Okubo Says Machine Orders Stagnant

The transcript discusses the volatility in the Japanese economy, highlighting the lack of corporate investment despite high profits. It evaluates Governor Kuroda's term, noting successes in boosting the economy but failures in achieving inflation targets. The discussion also covers the Bank of Japan's balance sheet management and implicit tapering actions.

What factors contribute to the lack of confidence among Japanese companies in investing in their domestic capacity?

What role does the corporate profit level play in the investment decisions of Japanese companies?

How has the performance of the Japanese economy changed over the past year according to the discussion?

Discuss the challenges faced by the current Japanese government in achieving its inflation targets.

What are the implications of the Bank of Japan's recent policy changes regarding JGB purchases?