Goldman's Ota on Japan Border Reopening

The video discusses the impact of Japan's border reopening on tourism, highlighting the absence of Chinese tourists due to COVID-19 policies. It examines economic factors like yen depreciation and their effects on tourism recovery. The analysis extends to Japan's balance of payments and trade deficit, considering the role of financial income. Domestic demand is expected to rise due to policy changes, including a nationwide travel subsidy. The video concludes with a discussion on monetary policy, inflation, and potential wage growth, noting that significant policy changes are unlikely in the near term.

What are the expectations regarding the Japanese current account balance in the near future?

How might the revival in inbound tourism affect domestic demand and inflation in Japan?

What challenges does the Bank of Japan face regarding policy changes in response to inflation?